EXECUTION VERSION

                        MORTGAGE LOAN PURCHASE AGREEMENT

            THIS MORTGAGE LOAN PURCHASE AGREEMENT (this "Agreement") is dated as
of March 14, 2007, between PNC BANK, NATIONAL ASSOCIATION ("PNC"), as seller
(the "Seller"), and CITIGROUP COMMERCIAL MORTGAGE SECURITIES INC. ("CCMSI"), as
purchaser (the "Purchaser").

            The Seller intends to sell, and the Purchaser intends to purchase,
certain multifamily, commercial and/or manufactured housing community mortgage
loans (the "Mortgage Loans") identified on the schedule (the "Mortgage Loan
Schedule") annexed hereto as "Annex A". The Purchaser intends to deposit the
Mortgage Loans, along with certain other mortgage loans (the "Other Mortgage
Loans"), into a trust fund (the "Trust Fund"), the beneficial ownership of which
will be evidenced by multiple classes (each, a "Class") of mortgage pass-through
certificates (the "Certificates"). One or more "real estate mortgage investment
conduit" ("REMIC") elections will be made with respect to most of the Trust
Fund. The Trust Fund will be created and the Certificates will be issued
pursuant to a pooling and servicing agreement (the "Pooling and Servicing
Agreement"), to be dated as of March 1, 2007, among CCMSI, as depositor, Midland
Loan Services, Inc., Wachovia Bank, National Association and Capmark Finance
Inc., as master servicers (each, a "Master Servicer" and, together, the "Master
Servicers"), LNR Partners, Inc., as special servicer (the "Special Servicer"),
Wells Fargo Bank, National Association, as trustee (the "Trustee") and LaSalle
Bank National Association, as certificate administrator (the "Certificate
Administrator"). Capitalized terms used herein (including the schedules attached
hereto) but not defined herein (or in such schedules) have the respective
meanings set forth in the Pooling and Servicing Agreement.

            CCMSI intends to sell certain Classes of the Certificates (the
"Publicly Offered Certificates") to Citigroup Global Markets Inc. ("CGMI"),
Deutsche Bank Securities, Inc. ("DBS"), LaSalle Financial Services, Inc., RBC
Capital Markets Corporation and PNC Capital Markets LLC (collectively, the
"Dealers"), pursuant to an underwriting agreement dated as of the date hereof
(the "Underwriting Agreement"), between CCMSI and the Dealers. The Publicly
Offered Certificates are more particularly described in a prospectus supplement
dated March 14, 2007 (the "Prospectus Supplement") and the accompanying base
prospectus dated March 5, 2007 (the "Base Prospectus" and, together with the
Prospectus Supplement, the "Prospectus").

            CCMSI further intends to sell the remaining Classes of the
Certificates (the "Privately Offered Certificates") to CGMI and DBS, pursuant to
a certificate purchase agreement dated as of the date hereof (the "Certificate
Purchase Agreement"), between CCMSI, CGMI and DBS. The Privately Offered
Certificates are more particularly described in an offering memorandum dated
March 14, 2007 (the "Memorandum").

            Certain Classes of the Certificates will be assigned ratings by
Fitch, Inc., Moody's Investors Service, Inc. and/or Standard & Poor's Rating
Services, a division of The McGraw-Hill Companies, Inc. (together, the "Rating
Agencies").




            In connection with its sale of the Mortgage Loans, the Seller shall
enter into an indemnification agreement dated as of the date hereof (the
"Indemnification Agreement"), between the Seller, CCMSI and the Dealers.

            Now, therefore, in consideration of the premises and the mutual
agreements set forth herein, the parties agree as follows:

            SECTION 1.    Agreement to Purchase.

            The Seller agrees to sell, and the Purchaser agrees to purchase, the
Mortgage Loans identified on the Mortgage Loan Schedule. The Mortgage Loan
Schedule may be amended to reflect the actual Mortgage Loans delivered to the
Purchaser pursuant to the terms hereof. The Mortgage Loans are expected to have
an aggregate principal balance as of the close of business on the Cut-off Date
(the "Seller Mortgage Loan Balance") of $820,868,219 (subject to a variance of
plus or minus 5.0%), after giving effect to any payments due on or before such
date, whether or not such payments are received. The Seller Mortgage Loan
Balance, together with the aggregate principal balance of the Other Mortgage
Loans as of the Cut-off Date (after giving effect to any payments due on or
before such date whether or not such payments are received), is expected to
equal an aggregate principal balance (the "Cut-off Date Pool Balance") of
$6,599,815,279 (subject to a variance of plus or minus 5.0%). The purchase and
sale of the Mortgage Loans shall take place on March 29, 2007 or such other date
as shall be mutually acceptable to the parties to this Agreement (the "Closing
Date"). The consideration (the "Aggregate Purchase Price") for the Mortgage
Loans shall consist of a cash amount, payable in immediately available funds, as
reflected on the settlement statement agreed to by the Seller and the Purchaser,
which amount shall include interest accrued on the Seller Mortgage Loan Balance
for the period from and including the Cut-off Date up to but not including the
Closing Date. The Aggregate Purchase Price shall be reduced, with respect to the
Initial Date Deposit Loans, by their respective Initial Date Deposits. For
purposes of the foregoing, the Initial Date Deposit Loans are those Mortgage
Loans known as (and identified on the Mortgage Loan Schedule as) The Atlantic
Building, The Shoppes at South Bay (Walmart) and Grand Flamingo.

            The Aggregate Purchase Price shall be paid to the Seller or its
designee by wire transfer in immediately available funds on the Closing Date.

            SECTION 2.    Conveyance of Mortgage Loans.

            (a)   Effective as of the Closing Date, subject only to receipt by
the Seller of the Aggregate Purchase Price and satisfaction or waiver of the
other conditions to closing that are for the benefit of the Seller, the Seller
does hereby sell, transfer, assign, set over and otherwise convey to the
Purchaser, without recourse (except as set forth in this Agreement), all the
right, title and interest of the Seller in and to the Mortgage Loans identified
on the Mortgage Loan Schedule as of such date, on a servicing-released basis,
together with all of the Seller's right, title and interest in and to the
proceeds of any related title, hazard, primary mortgage or other insurance and
any escrow, reserve or comparable accounts related to the Mortgage Loans,
subject, in the case of any Mortgage Loan that is part of a Loan Combination, to
the rights of the holder(s) of any other mortgage loan(s) in the related Loan
Combination in such proceeds and reserve or comparable accounts, and further
subject to the understanding that the Seller will sell


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certain servicing rights to the applicable Master Servicer pursuant to that
certain Servicing Rights Purchase Agreement, dated as of the Closing Date,
between such Master Servicer and the Seller, and may require that a particular
primary servicer remain in place with respect to any or all of the Mortgage
Loans.

            (b)   The Purchaser or its assignee shall be entitled to receive all
scheduled payments of principal and interest due after the Cut-off Date, and all
other recoveries of principal and interest collected after the Cut-off Date
(other than in respect of principal and interest on the Mortgage Loans due on or
before the Cut-off Date). All scheduled payments of principal and interest due
on or before the Cut-off Date but collected after the Cut-off Date, and
recoveries of principal and interest collected on or before the Cut-off Date
(only in respect of principal and interest on the Mortgage Loans due on or
before the Cut-off Date and principal prepayments thereon), shall belong to, and
shall be promptly remitted to, the Seller.

            (c)   No later than the Closing Date, the Seller shall, on behalf of
the Purchaser, deliver or cause to be delivered to the Trustee (with a copy
(except in the case of an Outside Serviced Trust Mortgage Loan or any letter of
credit referred to in clause (xi)(D) below) to the applicable Master Servicer
and the Special Servicer within ten (10) Business Days after the Closing Date)
the documents and instruments specified below under clauses (i), (ii), (vii),
(ix)(A) and (xi)(D) and shall, not later than the date that is 30 days after the
Closing Date, deliver or cause to be delivered to the Trustee (with a copy to
the applicable Master Servicer) the remaining documents and instruments
specified below, in each case with respect to each Mortgage Loan that is a
Serviced Trust Mortgage Loan (the documents and instruments specified below,
collectively, the "Mortgage File"). The Mortgage File for each Serviced Trust
Mortgage Loan shall contain the following documents:

                  (i)     either (A) in the case of any Serviced Trust Mortgage
      Loan, the original executed Mortgage Note including any power of attorney
      related to the execution thereof, together with any and all intervening
      endorsements thereon, endorsed on its face or by allonge attached thereto
      (without recourse, representation or warranty, express or implied) to the
      order of "Wells Fargo Bank, National Association, as trustee for the
      registered holders of CD 2007-CD4 Commercial Mortgage Trust, Commercial
      Mortgage Pass-Through Certificates, Series CD 2007-CD4", or in blank (or a
      lost note affidavit and indemnity with a copy of such Mortgage Note
      attached thereto) or (B) in the case of any Serviced Non-Trust Mortgage
      Loan, a copy of the executed Mortgage Note;

                  (ii)    an original or a copy of the Mortgage, together with
      any and all intervening assignments thereof, in each case (unless not yet
      returned by the applicable recording office) with evidence of recording
      indicated thereon or certified by the applicable recording office;

                  (iii)   an original or a copy of any related Assignment of
      Leases (if such item is a document separate from the Mortgage), together
      with any and all intervening assignments thereof, in each case (unless not
      yet returned by the applicable recording office) with evidence of
      recording indicated thereon or certified by the applicable recording
      office;


                                        3



                  (iv)    an original executed assignment, in recordable form
      (except for any missing recording information and, if delivered in blank,
      the name of the assignee), of (A) the Mortgage, (B) any related Assignment
      of Leases (if such item is a document separate from the Mortgage) and (C)
      any other recorded document relating to the subject Mortgage Loan
      otherwise included in the Mortgage File, in favor of "Wells Fargo Bank,
      National Association, as trustee for the registered holders of CD 2007-CD4
      Commercial Mortgage Trust, Commercial Mortgage Pass-Through Certificates,
      Series CD 2007-CD4" (and, in the case of a Serviced Loan Combination, also
      on behalf of the related Serviced Non-Trust Mortgage Loan Noteholder(s)),
      or in blank;

                  (v)     an original assignment of all unrecorded documents
      relating to the Trust Mortgage Loan (to the extent not already assigned
      pursuant to clause (iii) above), in favor of "Wells Fargo Bank, National
      Association, as trustee for the registered holders of CD 2007-CD4
      Commercial Mortgage Trust, Commercial Mortgage Pass-Through Certificates,
      Series CD 2007-CD4" (and, in the case of a Serviced Loan Combination, also
      on behalf of the related Serviced Non-Trust Mortgage Loan Noteholder(s)),
      or in blank;

                  (vi)    originals or copies of any consolidation, assumption,
      substitution and modification agreements in those instances where the
      terms or provisions of the Mortgage or Mortgage Note have been
      consolidated or modified or the subject Mortgage Loan has been assumed or
      consolidated;

                  (vii)   the original or a copy of the policy or certificate
      of lender's title insurance or, if such policy has not been issued or
      located, an original or copy of an irrevocable, binding commitment (which
      may be a pro forma policy or specimen version of, or a marked commitment
      for, the policy that has been executed by an authorized representative of
      the title company or an agreement to provide the same pursuant to binding
      escrow instructions executed by an authorized representative of the title
      company) to issue such title insurance policy;

                  (viii)  any filed copies (bearing evidence of filing) or
      other evidence of filing reasonably satisfactory to the Purchaser of any
      prior UCC Financing Statements in favor of the originator of the subject
      Mortgage Loan or in favor of any assignee prior to the Trustee (but only
      to the extent the Seller had possession of such UCC Financing Statements
      when it was to deliver the subject Mortgage File on or prior to the
      Closing Date), unless not yet returned by the applicable filing office;
      and, if there is an effective UCC Financing Statement in favor of the
      Seller on record with the applicable public office for UCC Financing
      Statements, an original UCC Financing Statement assignment, in form
      suitable for filing in favor of "Wells Fargo Bank, National Association,
      as trustee for the registered holders of CD 2007-CD4 Commercial Mortgage
      Trust, Commercial Mortgage Pass-Through Certificates, Series CD 2007-CD4"
      (and, in the case of any A/B Loan Combination, also on behalf of the
      related Serviced Non-Trust Mortgage Loan Noteholder(s)), as assignee, or
      in blank;


                                        4



                  (ix)    an original or a copy of any (A) Ground Lease and
      ground lessor estoppel, (B) loan guaranty or indemnity, (C) lender's
      environmental insurance policy or (D) lease enhancement policy;

                  (x)     any intercreditor, co-lender or similar agreement
      relating to permitted debt of the Mortgagor and any intercreditor
      agreement relating to mezzanine debt related to the Mortgagor; and

                  (xi)    copies of any (A) loan agreement, (B) escrow
      agreement, (C) security agreement or (D) letter of credit relating to a
      Trust Mortgage Loan (with the original of any such letter of credit to be
      delivered to the applicable Master Servicer).

            The foregoing document delivery requirement shall be subject to
Section 2.01(c) of the Pooling and Servicing Agreement.

            With respect to the Crossed Loans constituting a Crossed Group, the
existence of any document required to be in the Mortgage File of any Crossed
Loan in such Crossed Group shall be sufficient to satisfy the requirements of
this Agreement for delivery of such document as a part of the Mortgage File of
the other Crossed Loan(s) in such Crossed Group, to the extent that such same
document is also required to be part of the Mortgage File for such other Crossed
Loan(s) in such Crossed Group.

            References in this Agreement to "Document Defect" mean that any
document constituting part of the Mortgage File for any Mortgage Loan has not
been properly executed, is missing (beyond the time period required for its
delivery hereunder), contains information that does not conform in any material
respect with the corresponding information set forth in the Mortgage Loan
Schedule or does not appear regular on its face.

            (d)   The Seller, at its own cost and expense, shall retain an
independent third party (the "Recording/Filing Agent") that shall, as to each
Mortgage Loan (other than Outside Serviced Trust Mortgage Loans), promptly (and
in any event, as to any such Mortgage Loan, within 90 days following the later
of (i) the Closing Date and (ii) the delivery of the related Mortgage(s),
Assignment(s) of Leases, recordable documents, and UCC Financing Statements to
the Trustee complete (if and to the extent necessary) and cause to be submitted
for recording or filing, as the case may be, in favor of the Trustee in the
appropriate public office for real property records or UCC Financing Statements,
as appropriate, each assignment of Mortgage, assignment of Assignment of Leases
and assignment of any other recordable documents relating to each such Mortgage
Loan, referred to in Sections 2(c)(iv)(A), (B) and (C) and each assignment of a
UCC Financing Statement in favor of the Trustee and so delivered to the Trustee
and referred to in Section 2(c)(viii). The Seller shall cause the recorded
original of each such assignment of recordable documents to be delivered to the
Trustee or its designee following recording, and shall cause the file copy of
each such UCC Financing Statement to be delivered to the Trustee or its designee
following filing; provided that in those instances where the public recording
office retains the original assignment of Mortgage or assignment of Assignment
of Leases, the Seller or the Recording/Filing Agent shall obtain therefrom a
certified copy of the recorded original, which shall be delivered to the Trustee
or its designee. If any such document or instrument is lost or returned
unrecorded or unfiled, as the case may be, because of a defect therein, the
Seller


                                        5



shall promptly prepare or cause to be prepared a substitute therefor or cure
such defect, as the case may be, and thereafter cause the same to be duly
recorded or filed, as appropriate. The Seller shall be responsible for the
out-of-pocket costs and expenses of the Recording/Filing Agent in connection
with its performance of the recording, filing and delivery obligations
contemplated above.

            (e)   The Seller shall deliver or cause to be delivered to the
applicable Master Servicer or such Master Servicer's designee: (i) within ten
(10) days after the Closing Date, all documents and records in the Seller's
possession (except draft documents, attorney-client privileged communications
and internal correspondence, credit underwriting or due diligence analyses,
credit committee briefs or memoranda or other internal approval documents or
data or internal worksheets, memoranda, communications or evaluations and other
underwriting analysis of the Seller) relating to, and necessary for the
servicing and administration of, each Mortgage Loan (other than an Outside
Serviced Trust Mortgage Loan) and that are not required to be part of the
Mortgage File in accordance with the definition thereof (including, without
limitation, any original letters of credit relating to any Mortgage Loan); and
(ii) within two (2) Business Days after the Closing Date, any and all escrow
amounts and reserve amounts in the Seller's possession or under its control that
relate to the Mortgage Loans (other than an Outside Serviced Trust Mortgage
Loan).

            (f)   The Seller shall take such actions as are reasonably necessary
to assign or otherwise grant to the Trust Fund the benefit of any letters of
credit in the name of the Seller which secure any Mortgage Loan (other than an
Outside Serviced Trust Mortgage Loan). Without limiting the generality of the
foregoing, if a draw upon a letter of credit is required before its transfer to
the Trust Fund can be completed, the Seller shall draw upon such letter of
credit for the benefit of the Trust pursuant to written instructions from the
applicable Master Servicer.

            (g)   After the Seller's transfer of the Mortgage Loans to or at the
direction of the Purchaser, the Seller shall not take any action to suggest that
the Purchaser is not the legal owner of the Mortgage Loans.

            SECTION 3.    Representations, Warranties and Covenants of Seller.

            (a)   The Seller hereby represents and warrants to and covenants
with the Purchaser, as of the date hereof, that:

                  (i)     The Seller is a national banking association organized
      and validly existing and in good standing under the laws of the United
      States and possesses all requisite authority, power, licenses, permits and
      franchises to carry on its business as currently conducted by it and to
      execute, deliver and comply with its obligations under the terms of this
      Agreement;

                  (ii)    This Agreement has been duly and validly authorized,
      executed and delivered by the Seller and, assuming due authorization,
      execution and delivery hereof by the Purchaser, constitutes a legal, valid
      and binding obligation of the Seller, enforceable against the Seller in
      accordance with its terms, except as such enforcement


                                        6



      may be limited by bankruptcy, insolvency, reorganization, receivership,
      moratorium and other laws affecting the enforcement of creditors' rights
      in general, as they may be applied in the context of the insolvency of a
      national banking association, and by general equity principles (regardless
      of whether such enforcement is considered in a proceeding in equity or at
      law), and 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
      Seller and the Seller's performance and compliance with the terms of this
      Agreement will not (A) violate the Seller's organizational documents, (B)
      violate any law or regulation or any administrative decree or order to
      which it is subject or (C) constitute a material default (or an event
      which, with notice or lapse of time, or both, would constitute a material
      default) under, or result in the breach of, any material contract,
      agreement or other instrument to which the Seller is a party or by which
      the Seller is bound, which violation, default or breach, in the case of
      either clause (iii)(B) or (iii)(C) might have consequences that would, in
      the Seller's reasonable and good faith judgment, materially and adversely
      affect the financial condition or the operations of the Seller or its
      properties (taken as a whole) or have consequences that would materially
      and adversely affect its performance hereunder;

                  (iv)    The 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 other governmental agency or body, which
      default might have consequences that would, in the Seller's reasonable and
      good faith judgment, materially and adversely affect the financial
      condition or the operations of the Seller or its properties (taken as a
      whole) or have consequences that would materially and adversely affect its
      performance hereunder;

                  (v)     The Seller is not a party to or bound by any agreement
      or instrument or subject to any other corporate restriction or any
      judgment, order, writ, injunction, decree, law or regulation that would,
      in the Seller's reasonable and good faith judgment, materially and
      adversely affect the ability of the Seller to perform its obligations
      under this Agreement or that requires the consent of any third person to
      the execution of this Agreement or the performance by the Seller of its
      obligations under this Agreement (except to the extent such consent has
      been obtained);

                  (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 Seller of, or compliance by the Seller
      with, this Agreement or the consummation of the transactions involving the
      Seller contemplated by this Agreement except as have previously been
      obtained, and no bulk sale law applies to such transactions;

                  (vii)   No litigation is pending or, to the Seller's
      knowledge, threatened against the Seller that would, in the Seller's good
      faith and reasonable judgment, prohibit its entering into this Agreement
      or materially and adversely affect the performance by the Seller of its
      obligations under this Agreement; and


                                        7



                  (viii)  For purposes of accounting under generally accepted
      accounting principles ("GAAP"), and for federal income tax purposes, the
      Seller will report the transfer of the Mortgage Loans to the Purchaser as
      a sale of the Mortgage Loans to the Purchaser in exchange for
      consideration contemplated by this Agreement. The consideration received
      by the Seller upon the sale of the Mortgage Loans to the Purchaser will
      constitute at least reasonably equivalent value and fair consideration for
      the Mortgage Loans. The 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 Purchaser. The Seller is not transferring the Mortgage Loans to the
      Purchaser with any intent to hinder, delay or defraud any of the creditors
      of the Seller or on account of an antecedent debt.

            (b)   The Seller hereby makes, on the date hereof and on the Closing
Date, the representations and warranties contained in Schedule I and Schedule II
hereto with respect to each Mortgage Loan, for the benefit of the Purchaser,
which representations and warranties are subject to the exceptions set forth on
Schedules III and IV. References in this Agreement to "Breach" mean a breach of
any such representations and warranties made pursuant to this Section 3(b) with
respect to any Mortgage Loan.

            (c)   If the Seller receives, pursuant to Section 2.03(a) of the
Pooling and Servicing Agreement, written notice of a Document Defect or a Breach
relating to a Mortgage Loan, and if such Document Defect or Breach shall
materially and adversely affect the value of the applicable Mortgage Loan or the
interests of the Certificateholders therein, then the Seller shall, not later
than ninety (90) days from receipt of such notice (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 REMIC Provisions (a "Qualified Mortgage"), not later
than ninety (90) days from any party to the Pooling and Servicing Agreement
discovering such Document Defect or Breach, provided the Seller receives such
notice in a timely manner), 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 such 90-day period, (i) repurchase the
affected Mortgage Loan at the applicable Purchase Price not later than the end
of such 90-day period, or (ii) substitute a Qualified Substitute Mortgage Loan
for such affected Mortgage Loan not later than the end of such 90-day period
(and in no event later than the second anniversary of the Closing Date) and pay
the applicable Master Servicer for deposit into its Collection Account, any
Substitution Shortfall Amount in connection therewith; provided that, if a
Document Defect or Breach is capable of being cured but not within such 90-day
period and the Seller has commenced and is diligently proceeding with the cure
of such Document Defect or Breach within such 90-day period, then unless such
Document Defect or Breach would cause the Mortgage Loan not to be a Qualified
Mortgage, such Seller shall have an additional 90 days to complete such cure
(or, failing such cure, to repurchase or substitute for the related Mortgage
Loan); and provided, further, that with respect to such additional 90-day period
the Seller shall have delivered an officer's certificate to the Trustee setting
forth what actions the Seller is pursuing in connection with the cure thereof
and stating that the Seller anticipates that such Document Defect or Breach will
be cured within the additional 90-day period; and provided, further, that if the
cure of any Document Defect or Breach would require an expenditure on the part
of the Seller in excess of $10,000, then the Seller may, at its option, within
the time period provided above, elect to purchase or replace the affected
Mortgage Loan in accordance with this Section 3 without


                                        8



attempting to cure such Document Defect or Breach, as the case may be. For a
period of two years from the Closing Date, so long as there remains any Mortgage
File relating to a Mortgage Loan as to which there is an uncured Document Defect
that, to the Seller's knowledge, existed as of the Closing Date, and that
materially and adversely affects the value of the applicable Mortgage Loan or
the interests of the Certificateholders therein, the Seller shall provide the
officer's certificate to the Trustee described above as to the reasons such
Document Defect remains uncured and as to the actions being taken to pursue
cure.

            No substitution of a Qualified Substitute Mortgage Loan or Qualified
Substitute Mortgage Loans may be made in any calendar month after the
Determination Date in such month. Periodic Payments due with respect to any
Qualified Substitute Mortgage Loan after the related due date in the month of
substitution shall be part of the Trust Fund, and Periodic Payments received
with respect to the replaced Mortgage Loan or a repurchased Mortgage Loan after
the related date of substitution or repurchase, as the case may be, shall belong
to the Seller. Periodic Payments due with respect to any Qualified Substitute
Mortgage Loan on or prior to the related due date in the month of substitution
shall not be part of the Trust Fund and shall be remitted to the Seller promptly
following receipt, and Periodic Payments received with respect to the replaced
Mortgage Loan or a repurchased Mortgage Loan up to and including the related
date of substitution or repurchase, as the case may be, shall belong to the
Trust Fund.

            (d)   If (i) any Mortgage Loan is required to be repurchased or
substituted for in the manner described above, (ii) such Mortgage Loan is a
Crossed Loan, and (iii) the applicable Document Defect or Breach does not
constitute a Document Defect or Breach, as the case may be, as to any other
Crossed Loan in such Crossed Group (without regard to this paragraph), then the
applicable Document Defect or Breach, as the case may be, will be deemed to
constitute a Document Defect or Breach, as the case may be, as to each other
Crossed Loan in the Crossed Group for purposes of this paragraph, and the Seller
will be required to repurchase or substitute for the remaining Crossed Loan(s)
in the related Crossed Group as provided in the immediately preceding paragraph
unless: (x) such other Crossed Loans in such Crossed Group satisfy the Crossed
Loan Repurchase Criteria; (y) the Seller (at its expense) shall have furnished
the Trustee with an Opinion of Counsel to the effect that the repurchase of or
substitution for the affected Crossed Loan only, including, without limitation,
any modification required with respect to such repurchase or substitution, shall
not cause an Adverse REMIC Event; and (z) the repurchase of or substitution for
the affected Crossed Loan only shall satisfy all other criteria for repurchase
or substitution, as applicable, of Mortgage Loans set forth herein or in the
Pooling and Servicing Agreement. If the conditions set forth in clauses (x), (y)
and (z) of the prior sentence are satisfied, the Seller may elect either to
repurchase or substitute for only the affected Crossed Loan as to which the
related Document Defect or Breach exists or to repurchase or substitute for all
of the Crossed Loans in the related Crossed Group. The Seller shall be
responsible for the cost of any Appraisal required to be obtained by the
applicable Master Servicer to determine if the Crossed Loan Repurchase Criteria
have been satisfied, so long as the scope and cost of such Appraisal has been
approved by the Seller (such approval not to be unreasonably withheld). To the
extent that the Seller is required to purchase or substitute for a Crossed Loan
hereunder in the manner prescribed above while the Purchaser continues to hold
any other Crossed Loans in such Crossed Group, neither the Seller nor the
Purchaser shall enforce any remedies against the other's Primary Collateral, but
each is permitted to exercise remedies against the Primary Collateral securing
its respective Crossed Loans, including, with respect to the Purchaser, the


                                        9



Primary Collateral securing the Crossed Loans still held by the Purchaser, so
long as such exercise does not materially impair the ability of the other party
to exercise its remedies against its Primary Collateral.

            If the exercise of remedies by one party would materially impair the
ability of the other party to exercise its remedies with respect to the Primary
Collateral securing the Crossed Loans held by such party, then the Seller and
the Purchaser shall forbear from exercising such remedies until the Mortgage
Loan documents evidencing and securing the relevant Crossed Loans can be
modified in a manner that complies with this Agreement to remove the threat of
material impairment as a result of the exercise of remedies or some other
accommodation can be reached. Any reserve or other cash collateral or letters of
credit securing the Crossed Loans shall be allocated between such Crossed Loans
in accordance with the Mortgage Loan documents or, if not specified in the
related Mortgage Loan documents, on a pro rata basis based upon their
outstanding Stated Principal Balances. Notwithstanding the foregoing, if a
Crossed Loan included in the Trust Fund is modified to terminate the related
cross-collateralization and/or cross-default provisions, as a condition to such
modification, the Seller shall furnish to the Trustee an Opinion of Counsel that
such modification shall not cause an Adverse REMIC Event. Any expenses incurred
by the Purchaser in connection with such modification or accommodation
(including but not limited to recoverable attorney fees) shall be paid by the
Seller.

            Notwithstanding any of the foregoing provisions of this Section
3(d), if there is a Document Defect or Breach (which Document Defect or Breach
shall materially and adversely affect the value of the related Mortgage Loan or
the interests of the Certificateholders therein) with respect to one or more
Mortgaged Properties with respect to a Mortgage Loan, the Seller shall not be
obligated to repurchase or replace the Mortgage Loan if (i) the affected
Mortgaged Property(ies) may be released pursuant to the terms of any partial
release provisions in the related Mortgage Loan documents (and such Mortgaged
Property(ies) are, in fact, released) and, to the extent not covered by the
applicable release price (if any) required under the related Mortgage Loan
documents, the Seller pays (or causes to be paid) any additional amounts
necessary to cover all reasonable out-of-pocket expenses reasonably incurred by
the applicable Master Servicer, the Special Servicer, the Trustee, the
Certificate Administrator or the Trust Fund in connection with such release,
(ii) the remaining Mortgaged Property(ies) satisfy the requirements, if any, set
forth in the related Mortgage Loan documents and the Seller provides an opinion
of counsel to the effect that such release would not cause any REMIC created
under the Pooling and Servicing Agreement to fail to qualify as a REMIC under
the Code or result in the imposition of any tax on "prohibited transactions" or
"contributions" after the Startup Day under the REMIC Provisions and (iii) the
Seller obtains from each Rating Agency then rating the Certificates and delivers
to the Trustee and the applicable Master Servicer written confirmation that such
release would not cause the then-current ratings of the Certificates rated by it
to be qualified, downgraded or withdrawn.

            (e)   In connection with any permitted repurchase or substitution of
one or more Mortgage Loans contemplated hereby, upon receipt of a certificate
from a Servicing Officer certifying as to the receipt of the Purchase Price or
Substitution Shortfall Amount(s), as applicable, in the Collection Account
maintained by the applicable Master Servicer, and the delivery of the Mortgage
File(s) and the Servicing File(s) for the related Qualified Substitute Mortgage
Loan(s) to the Trustee and the applicable Master Servicer, respectively, if
applicable,


                                       10



(i) the Trustee shall execute and deliver such endorsements and assignments as
are provided to it by the applicable Master Servicer or the Seller, in each case
without recourse, representation or warranty, as shall be necessary to vest in
the Seller, the legal and beneficial ownership of each repurchased Mortgage Loan
or replaced Mortgage Loan, as applicable, (ii) the Trustee, the applicable
Master Servicer and the Special Servicer shall each tender to the Seller, upon
delivery to each of them of a receipt executed by the Seller, all portions of
the Mortgage File and other documents pertaining to such Mortgage Loan possessed
by it, and (iii) the applicable Master Servicer and the Special Servicer shall
release to the Seller any Escrow Payments and Reserve Funds held by it in
respect of such repurchased or replaced Mortgage Loans.

            (f)   This Section 3 provides the sole remedy available to the
Certificateholders or the Trustee on behalf of the Certificateholders,
respecting any Document Defect or Breach and the Purchaser acknowledges and
agrees that the representations and warranties made herein by the Seller
pursuant to Section 3(b) are solely for risk allocation purposes.

            SECTION 4.    Representations and Warranties of the Purchaser. In
order to induce the Seller to enter into this Agreement, the Purchaser hereby
represents and warrants for the benefit of the Seller as of the date hereof
that:

            (a)   The Purchaser is a corporation duly organized, validly
existing and in good standing under the laws of the State of Delaware. The
Purchaser has the full corporate power and authority and legal right to acquire
the Mortgage Loans from the Seller and to transfer the Mortgage Loans to the
Trustee.

            (b)   This Agreement has been duly and validly authorized, executed
and delivered by the Purchaser, all requisite action by the Purchaser's
directors and officers has been taken in connection therewith, and (assuming the
due authorization, execution and delivery hereof by the Seller) this Agreement
constitutes the valid, legal and binding agreement of the Purchaser, enforceable
against the Purchaser in accordance with its terms, except as such enforcement
may be limited by (i) laws relating to bankruptcy, insolvency, reorganization,
receivership or moratorium, (ii) other laws relating to or affecting the rights
of creditors generally, or (iii) general equity principles (regardless of
whether such enforcement is considered in a proceeding in equity or at law).

            (c)   The Purchaser is not a party to or bound by any agreement or
instrument or subject to any other corporate restriction or any judgment, order,
writ, injunction, decree, law or regulation that would, in the Purchaser's
reasonable and good faith judgment, materially and adversely affect the ability
of the Purchaser to perform its obligations under this Agreement or that
requires the consent of any third person to the execution of this Agreement or
the performance by the Purchaser of its obligations under this Agreement (except
to the extent such consent has been obtained).

            (d)   No consent, approval, authorization or order of any court or
governmental agency or body is required for the execution, delivery and
performance by such Purchaser of, or compliance by such Purchaser with, this
Agreement or the consummation of the transactions of such contemplated by this
Agreement, except for any consent, approval, authorization or order which has
been obtained prior to the actual performance by such Purchaser of its
obligations


                                       11



under this Agreement, or which, if not obtained would not have a materially
adverse effect on the ability of such Purchaser to perform its obligations
hereunder.

            (e)   None of the acquisition of the Mortgage Loans by the
Purchaser, the transfer of the Mortgage Loans to the Trustee, and the execution,
delivery or performance of this Agreement by the Purchaser, results or will
result in the creation or imposition of any lien on any of the Purchaser's
assets or property, or conflicts or will conflict with, results or will result
in a breach of, or constitutes or will constitute a default under (i) any term
or provision of the Purchaser's certificate of incorporation or bylaws, (ii) any
term or provision of any material agreement, contract, instrument or indenture,
to which the Purchaser is a party or by which the Purchaser is bound, or (iii)
any law, rule, regulation, order, judgment, writ, injunction or decree of any
court or governmental authority having jurisdiction over the Purchaser or its
assets, which default might have consequences that would, in the Purchaser's
reasonable and good faith judgment, materially and adversely affect the
condition (financial or other) or operations of the Purchaser or its properties
or have consequences that would materially and adversely affect its performance
hereunder.

            (f)   Under GAAP and for federal income tax purposes, the Purchaser
will report the transfer of the Mortgage Loans by the Seller to the Purchaser as
a sale of the Mortgage Loans to the Purchaser in exchange for the consideration
contemplated by this Agreement.

            (g)   There is no action, suit, proceeding or investigation pending
or to the knowledge of the Purchaser, threatened against the Purchaser in any
court or by or before any other governmental agency or instrumentality which
would, in the Purchaser's reasonable and good faith judgment, materially and
adversely affect the validity of this Agreement or any action taken in
connection with the obligations of the Purchaser contemplated herein, or which
would be likely to impair materially the ability of the Purchaser to enter into
and/or perform under the terms of this Agreement.

            (h)   The Purchaser 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
would materially and adversely affect the condition (financial or other) or
operations of the Purchaser or its properties or might have consequences that
would materially and adversely affect its performance hereunder.

            SECTION 5.    Closing. The closing of the sale of the Mortgage Loans
(the "Closing") shall be held at the offices of Thacher Proffitt & Wood LLP, New
York, New York on the Closing Date.

            The Closing shall be subject to each of the following conditions:

            (a)   All of the representations and warranties of the Seller set
forth in or made pursuant to Section 3(a) and Section 3(b) of this Agreement and
all of the representations and warranties of the Purchaser set forth in Section
4 of this Agreement shall be true and correct in all material respects as of the
Closing Date;

            (b)   The Pooling and Servicing Agreement (to the extent it affects
the obligations of the Seller hereunder) and all documents specified in Section
6 of this Agreement


                                       12



(the "Closing Documents"), in such forms as are agreed upon and acceptable to
CCMSI, the Seller, the Dealers and their respective counsel in their reasonable
discretion, shall be duly executed and delivered by all signatories as required
pursuant to the respective terms thereof;

            (c)   The Seller or its designee shall have delivered and released
to the Trustee (or a Custodian on its behalf) and the applicable Master
Servicer, respectively, all documents represented to have been or required to be
delivered to the Trustee and such Master Servicer on or before the Closing Date
pursuant to Section 2 of this Agreement;

            (d)   All other terms and conditions of this Agreement required to
be complied with on or before the Closing Date shall have been complied with in
all material respects and the Seller and the Purchaser shall each have the
ability to comply with all terms and conditions and perform all duties and
obligations required to be complied with or performed after the Closing Date;

            (e)   The Seller shall have paid all fees and expenses payable by it
to CCMSI or otherwise pursuant to this Agreement as of the Closing Date; and

            (f)   The Underwriters and Initial Purchasers shall have received
letters from an independent accounting firm reasonably acceptable to CCMSI and
the Seller in form satisfactory to CCMSI, relating to certain information
regarding the Mortgage Loans and Certificates as set forth in the Prospectus,
the Prospectus Supplement and other disclosure documents.

            Both parties agree to use their best efforts to perform their
respective obligations hereunder in a manner that will enable the Purchaser to
purchase the Mortgage Loans on the Closing Date.

            SECTION 6.    Closing Documents. The Closing Documents shall consist
of the following:

            (a)   This Agreement, the Pooling and Servicing Agreement and the
Indemnification Agreement, in each case duly executed by all parties thereto;

            (b)   A certificate of the Seller, executed by the Seller and dated
the Closing Date, and upon which CCMSI and the Dealers may rely, to the effect
that: (i) the representations and warranties of the Seller in this Agreement and
the Indemnification Agreement 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,
subject, in the case of the representations and warranties made by the Seller
pursuant to Section 3(b) of this Agreement, to the exceptions to such
representations and warranties set forth in Schedules III and IV to this
Agreement; and (ii) the Seller has, in all material respects, complied with all
the agreements and satisfied all the conditions on its part that are required
under this Agreement to be performed or satisfied at or prior to the Closing
Date;

            (c)   An officer's certificate from the Seller, dated the Closing
Date, and upon which CCMSI and the Dealers may rely, to the effect that each
individual who, as an officer or representative of the Seller, signed this
Agreement or any other document or certificate delivered on or before the
Closing Date in connection with the transactions contemplated herein, was at the
respective times of such signing and delivery, and is as of the Closing Date,
duly elected or


                                       13



appointed, qualified and acting as such officer or representative, and the
signatures of such persons appearing on such documents and certificates are
their genuine signatures;

            (d)   A written opinion of counsel for the Seller (which opinion may
be from in-house counsel, outside counsel or a combination thereof), relating to
certain corporate and enforceability matters and reasonably satisfactory to the
Purchaser, its counsel and the Rating Agencies, dated the Closing Date and
addressed to CCMSI, the Trustee, the Certificate Administrator, the Dealers and
the Rating Agencies, together with such other written opinions as may be
required by the Rating Agencies;

            (e)   Such further certificates, opinions and documents as the
Purchaser may reasonably request prior to the sale of the Mortgage Loans by the
Seller to the Purchaser; and

            (f)   A written opinion of counsel for the Purchaser (which opinion
may be from in-house counsel, outside counsel, or a combination thereof, and may
include a reliance letter addressed to the Seller with respect to opinions given
to other parties) relating to certain corporate and enforceability matters and
reasonably satisfactory to the Seller and its counsel, dated the Closing Date
and addressed to the Seller.

            SECTION 7.    Costs. The Seller shall pay (or shall reimburse the
Purchaser to the extent that the Purchaser has paid) the Seller's pro rata
portion of the aggregate of the following amounts (the Seller's pro rata portion
to be determined according to the percentage that the Seller Mortgage Loan
Balance represents of the Cut-off Date Pool Balance, the exact amount of which
shall be as set forth in or determined pursuant to the memorandum of
understanding, to which the Seller and the Purchaser (or affiliates thereof) are
parties, with respect to the transactions contemplated by this Agreement): (i)
the costs and expenses of delivering the Pooling and Servicing Agreement and the
Certificates; (ii) the costs and expenses of printing (or otherwise reproducing)
and delivering a final Prospectus and Memorandum and other customary offering
materials relating to the Certificates; (iii) the initial fees, costs, and
expenses of the Trustee and the Certificate Administrator (including reasonable
attorneys' fees) incurred in connection with the securitization of the Mortgage
Loans and the Other Mortgage Loans; (iv) the filing fee charged by the
Securities and Exchange Commission for registration of the Certificates so
registered; (v) the fees charged by the Rating Agencies to rate the Certificates
so rated; (vi) the fees and disbursements of a firm of certified public
accountants selected by the Purchaser and the Seller with respect to numerical
information in respect of the Mortgage Loans, the Other Mortgage Loans and the
Certificates included in the Prospectus, the Memorandum and other customary
offering materials, including the cost of obtaining any "comfort letters" with
respect to such items; (vii) the reasonable out-of-pocket costs and expenses in
connection with the qualification or exemption of the Certificates under state
securities or "Blue Sky" laws, including filing fees and reasonable fees and
disbursements of counsel in connection therewith, in connection with the
preparation of any "Blue Sky" survey and in connection with any determination of
the eligibility of the Certificates for investment by institutional investors
and the preparation of any legal investment survey; (viii) the expenses of
printing any such "Blue Sky" survey and legal investment survey; and (ix) the
reasonable fees and disbursements of counsel to the Dealers. All other costs and
expenses in connection with the transactions contemplated hereunder shall be
borne by the party incurring such expense.


                                       14



            SECTION 8.    Grant of a Security Interest. It is the express intent
of the parties hereto that the conveyance of the Mortgage Loans by the Seller to
the Purchaser as provided in Section 2 hereof be, and be construed as, a sale of
the Mortgage Loans by the Seller to the Purchaser and not as a pledge of the
Mortgage Loans by the Seller to the Purchaser to secure a debt or other
obligation of the Seller. However, if, notwithstanding the aforementioned intent
of the parties, the Mortgage Loans are held to be property of the Seller, then,
(a) it is the express intent of the parties that such conveyance be deemed a
pledge of the Mortgage Loans by the Seller to the Purchaser to secure a debt or
other obligation of the Seller, and (b) (i) this Agreement shall also be deemed
to be a security agreement within the meaning of Article 9 of the Uniform
Commercial Code of the applicable jurisdiction; (ii) the conveyance provided for
in Section 2 hereof shall be deemed to be a grant by the Seller to the Purchaser
of a security interest in all of the Seller's right, title and interest in and
to the Mortgage Loans, and all amounts payable to the holder of the Mortgage
Loans in accordance with the terms thereof, and all proceeds of the conversion,
voluntary or involuntary, of the foregoing into cash, instruments, securities or
other property, including, without limitation, all amounts, other than
investment earnings, from time to time held or invested in the Collection
Accounts, the Distribution Account or, if established, the REO Accounts (each as
defined in the Pooling and Servicing Agreement) whether in the form of cash,
instruments, securities or other property; (iii) the assignment to the Trustee
of the interest of the Purchaser in and to the Mortgage Loans pursuant to the
Pooling and Servicing Agreement, as contemplated by Section 1 hereof shall be
deemed to be an assignment of any security interest created hereunder; (iv) the
possession by the Trustee or any of its agents, including, without limitation,
the Custodian, of the Mortgage Notes, and such other items of property as
constitute instruments, money, negotiable documents or chattel paper shall be
deemed to be possession by the secured party for purposes of perfecting the
security interest pursuant to Section 9-313 of the Uniform Commercial Code of
the applicable jurisdiction; and (v) notifications to persons (other than the
Trustee) holding such property, and acknowledgments, receipts or confirmations
from persons (other than the Trustee) holding such property, shall be deemed
notifications to, or acknowledgments, receipts or confirmations from, securities
intermediaries, bailees or agents (as applicable) of the secured party for the
purpose of perfecting such security interest under applicable law. The Seller
and the Purchaser shall, to the extent consistent with this Agreement, take such
actions as may be necessary to ensure that, if this Agreement were deemed to
create a security interest in the Mortgage Loans, such security interest would
be a perfected security interest of first priority under applicable law and will
be maintained as such throughout the term of this Agreement and the Pooling and
Servicing Agreement, and in connection therewith the Seller authorizes the
Purchaser to file any and all appropriate Uniform Commercial Code financing
statements.

            SECTION 9.    Notices. All notices, copies, requests, consents,
demands and other communications in connection herewith shall be in writing and
telecopied or delivered to the intended recipient at the "Address for Notices"
specified for such party on Exhibit A hereto or, as to either party, at such
other address as shall be designated by such party in a notice hereunder to the
other party. Except as otherwise provided in this Agreement, all such
communications shall be deemed to have been duly given when transmitted by
telecopier or personally delivered or, in the case of a mailed notice, upon
receipt, in each case given or addressed as aforesaid.


                                       15



            SECTION 10.   Representations, Warranties and Agreements to Survive
Delivery. All representations, warranties and agreements contained in this
Agreement, incorporated herein by reference or contained in the certificates of
officers of the Seller submitted pursuant hereto shall remain operative and in
full force and effect and shall survive delivery of the Mortgage Loans by the
Seller to the Purchaser (and by the Purchaser to the Trustee).

            SECTION 11.   Severability of Provisions. Any part, provision,
representation, warranty or covenant of this Agreement that is prohibited or
which is held to be void or unenforceable shall be ineffective to the extent of
such prohibition or unenforceability without invalidating the remaining
provisions hereof. Any part, provision, representation, warranty or covenant of
this Agreement that is prohibited or unenforceable or is held to be void or
unenforceable in any particular jurisdiction shall, as to such jurisdiction, be
ineffective to the extent of such prohibition or unenforceability without
invalidating the remaining provisions hereof, and any such prohibition or
unenforceability in any particular jurisdiction shall not invalidate or render
unenforceable such provision in any other jurisdiction. To the extent permitted
by applicable law, the parties hereto waive any provision of law which prohibits
or renders void or unenforceable any provision hereof.

            SECTION 12.   Counterparts. This Agreement may be executed in any
number of counterparts, each of which shall be an original, but which together
shall constitute one and the same agreement.

            SECTION 13.   GOVERNING LAW. THIS AGREEMENT AND THE RIGHTS, DUTIES,
OBLIGATIONS AND RESPONSIBILITIES OF THE PARTIES HERETO SHALL BE GOVERNED IN
ACCORDANCE WITH THE INTERNAL LAWS AND DECISIONS OF NEW YORK. THE PARTIES HERETO
INTEND THAT THE PROVISIONS OF SECTION 5-1401 OF THE NEW YORK GENERAL OBLIGATIONS
LAW SHALL APPLY TO THIS AGREEMENT.

            SECTION 14.   Attorneys' Fees. If any legal action, suit or
proceeding is commenced between the Seller and the Purchaser regarding their
respective rights and obligations under this Agreement, the prevailing party
shall be entitled to recover, in addition to damages or other relief, costs and
expenses, attorneys' fees and court costs (including, without limitation, expert
witness fees). As used herein, the term "prevailing party" shall mean the party
which obtains the principal relief it has sought, whether by compromise
settlement or judgment. If the party which commenced or instituted the action,
suit or proceeding shall dismiss or discontinue it without the concurrence of
the other party, such other party shall be deemed the prevailing party.

            SECTION 15.   Further Assurances. The Seller and the Purchaser agree
to execute and deliver such instruments and take such further actions as the
other party may, from time to time, reasonably request in order to effectuate
the purposes and to carry out the terms of this Agreement.

            SECTION 16.   Successors and Assigns. The rights and obligations of
the Seller under this Agreement shall not be assigned by the Seller without the
prior written consent of the


                                       16



Purchaser, except that any person into which the Seller may be merged or
consolidated, or any corporation resulting from any merger, conversion or
consolidation to which the Seller is a party, or any person succeeding to all or
substantially all of the business of the Seller, shall be the successor to the
Seller hereunder. The Purchaser has the right to assign its interest under this
Agreement, in whole or in part, as may be required to effect the purposes of the
Pooling and Servicing Agreement, and the assignee shall, to the extent of such
assignment, succeed to the rights and obligations hereunder of the Purchaser.
Subject to the foregoing, this Agreement shall bind and inure to the benefit of
and be enforceable by the Seller, the Purchaser and their permitted successors
and assigns. No holder or beneficial owner of a Certificate shall be deemed a
permitted successor or assign to the Purchaser solely by reason of its interest
in such Certificate.

            SECTION 17.   Amendments. No term or provision of this Agreement may
be waived or modified unless such waiver or modification is in writing and
signed by a duly authorized officer of the party against whom such waiver or
modification is sought to be enforced. No amendment to the Pooling and Servicing
Agreement which relates to defined terms contained therein, Section 2.01(d)
thereof or the repurchase obligations or any other obligations of the Seller
shall be effective against the Seller (in such capacity) unless the Seller shall
have agreed to such amendment in writing.

            SECTION 18.   Accountants' Letters. The parties hereto shall
cooperate with accountants designated by CCMSI and reasonably acceptable to the
Seller in making available all information and taking all steps reasonably
necessary to permit such accountants to deliver the letters required by the
Underwriting Agreement and/or the Certificate Purchase Agreement.

            SECTION 19.   Knowledge. Whenever a representation or warranty or
other statement in this Agreement is made with respect to a Person's
"knowledge", such statement refers to such Person's employees or agents who were
or are responsible for or involved with the indicated matter and have actual
knowledge of the matter in question.

            SECTION 20.   Disclosure Materials. The Purchaser shall provide the
Seller with a copy of the Memorandum and the Prospectus Supplement promptly
following their becoming available.

                   [SIGNATURES COMMENCE ON THE FOLLOWING PAGE]


                                       17



            IN WITNESS WHEREOF, the Seller and the Purchaser have caused their
names to be signed hereto by their respective duly authorized officers as of the
date first above written.

                                  SELLER

                                  PNC BANK, NATIONAL ASSOCIATION


                                  By: /s/ Jeffrey E. Johnson
                                     -------------------------------------------
                                     Name: /s/ Jeffrey E. Johnson
                                     Title: Senior Vice President


                                  PURCHASER

                                  CITIGROUP COMMERCIAL MORTGAGE SECURITIES INC.


                                  By: /s/ Angela Vleck
                                     -------------------------------------------
                                     Name:  Angela Vleck
                                     Title: Vice President


                    PNC BANK MORTGAGE LOAN PURCHASE AGREEMENT




                                    EXHIBIT A

ADDRESS FOR NOTICES

Seller:

Address for Notices:

PNC Bank, National Association
10851 Mastin, Suite 300
Overland Park, Kansas 66210
Attention: Harry Funk

Purchaser:

Address for Notices:

Citigroup Commercial Mortgage Securities Inc.
388 Greenwich Street
New York, New York 10013
Attn: Angela Vleck
Facsimile Number: (212) 816-8307


                                       I-1



                                   SCHEDULE I

                 GENERAL MORTGAGE REPRESENTATIONS AND WARRANTIES

            1.    The information pertaining to each Mortgage Loan set forth in
      the Mortgage Loan Schedule was true and correct in all material respects
      as of the Cut-off Date.

            2.    As of the date of its origination, such Mortgage Loan and the
      interest (exclusive of any default interest, late charges or prepayment
      premiums) contracted for thereunder, complied in all material respects
      with, or was exempt from, all requirements of federal, state or local law
      relating to the origination of such Mortgage Loan, including those
      pertaining to usury.

            3.    Immediately prior to the sale, transfer and assignment to the
      Purchaser, the Seller had good title to, and was the sole owner of, each
      Mortgage Loan and the 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, but subject to certain agreements
      regarding servicing as provided in the Pooling and Servicing Agreement,
      subservicing agreements permitted thereunder and that certain Servicing
      Rights Purchase Agreement dated as of the Closing Date between the
      applicable Master Servicer and the Seller. Upon consummation of the
      transactions contemplated by the Mortgage Loan Purchase Agreement, the
      Seller will have validly and effectively conveyed to the Purchaser all
      legal and beneficial interest in and to such Mortgage Loan free and clear
      of any pledge, lien or security interest.

            4.    The proceeds of such Mortgage Loan have been fully disbursed
      (except to the extent that a portion of such proceeds is being held in
      escrow or reserve accounts) and there is no requirement for future
      advances thereunder by the Mortgagee.

            5.    Each related Mortgage Note, Mortgage, Assignment of Leases (if
      any) and other agreement executed by the Mortgagor in connection with such
      Mortgage Loan is a legal, valid and binding obligation of the related
      Mortgagor (subject to any non-recourse provisions therein and any state
      anti-deficiency or market value limit deficiency legislation), enforceable
      in accordance with its terms, except (a) that certain provisions contained
      in such Mortgage Loan documents are or may be unenforceable in whole or in
      part under applicable state or federal laws, but neither the application
      of any such laws to any such provision nor the inclusion of any such
      provisions renders any of the Mortgage Loan documents invalid as a whole
      and such Mortgage Loan documents taken as a whole are enforceable to the
      extent necessary and customary for the practical realization of the
      principal rights and benefits afforded thereby and (b) as such enforcement
      may be limited by bankruptcy, insolvency, receivership, reorganization,
      moratorium, redemption, liquidation 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). The related Mortgage Note and Mortgage
      contain no provision limiting the right or ability of the Seller to
      assign, transfer and convey the related Mortgage Loan to any other Person.


                                       I-2



            6.    As of the date of its origination, there was no valid offset,
      defense, counterclaim, abatement or right to rescission with respect to
      any of the related Mortgage Notes, Mortgage(s) or other agreements
      executed in connection therewith, and, as of the Cut-off Date, there is no
      valid offset, defense, counterclaim or right to rescission with respect to
      such Mortgage Note, Mortgage(s) or other agreements, except in each case,
      with respect to the enforceability of any provisions requiring the payment
      of default interest, late fees, Additional Interest, prepayment premiums
      or yield maintenance charges.

            7.    Each related assignment of Mortgage and assignment of
      Assignment of Leases from the Seller to the Trustee constitutes the legal,
      valid and binding assignment from the Seller, except as such enforcement
      may be limited by bankruptcy, insolvency, redemption, 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). Each Mortgage and Assignment of Leases is freely
      assignable.

            8.    Each related Mortgage is a valid and enforceable first lien on
      the related Mortgaged Property subject only to the exceptions and
      limitations set forth in representation (5) above and the following title
      exceptions (each such title exception, a "Title Exception", and
      collectively, the "Title Exceptions"): (a) the lien of current real
      property taxes, ground rents, water charges, sewer rents and assessments
      not yet delinquent or accruing interest or penalties, (b) covenants,
      conditions and restrictions, rights of way, easements and other matters of
      public record, none of which, individually or in the aggregate, materially
      and adversely 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 under the Mortgage Loan when
      they become due or materially and adversely affects the value of the
      Mortgaged Property, (c) the exceptions (general and specific) and
      exclusions set forth in the applicable policy described in representation
      (12) below or appearing of 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 under the Mortgage Loan
      when they become due or materially and adversely affects the value of the
      Mortgaged Property, (d) other matters to which like properties are
      commonly subject, none of which, individually or in the aggregate,
      materially and adversely 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 under the Mortgage Loan
      when they become due or materially and adversely affects the value of the
      Mortgaged Property, (e) the right of tenants (whether under ground leases,
      space leases or operating leases) at the Mortgaged Property to remain
      following a foreclosure or similar proceeding (provided that such tenants
      are performing under such leases), (f) if such Mortgage Loan is
      cross-collateralized with any other Mortgage Loan, the lien of the
      Mortgage for such other Mortgage Loan, and (g) if such Mortgage Loan is
      part of a Loan Combination, the lien of the Mortgage for the related
      Non-Trust Loan(s). Except with respect to cross-collateralized and
      cross-defaulted Mortgage Loans and Mortgage Loans that are part of a Loan
      Combination, there are no mortgage loans that are senior or pari passu in
      right of


                                       I-3



      payment with the subject Mortgage Loan that are secured by the related
      Mortgaged Property.

            9.    UCC Financing Statements have been filed and/or recorded (or,
      if not filed and/or recorded, have been submitted in proper form for
      filing and recording) in all public places necessary at the time of the
      origination of each Mortgage Loan to perfect a valid security interest in
      all items of personal property reasonably necessary to operate the
      Mortgaged Property owned by a Mortgagor and located on the related
      Mortgaged Property (other than any personal property subject to a purchase
      money security interest or a sale and leaseback financing arrangement
      permitted under the terms of such Mortgage Loan or any other personal
      property leases applicable to such personal property), to the extent
      perfection may be effected pursuant to applicable law by recording or
      filing of UCC Financing Statements, and the Mortgages, security
      agreements, chattel mortgages or equivalent documents related to and
      delivered in connection with the related Mortgage Loan establish and
      create a valid and enforceable lien and security interest on such items of
      personalty except as such enforcement may be limited by bankruptcy,
      insolvency, receivership, reorganization, moratorium, redemption,
      liquidation or other laws affecting the enforcement of creditor's rights
      generally, or by general principles of equity (regardless of whether such
      enforcement is considered in a proceeding in equity or at law).
      Notwithstanding any of the foregoing, no representation is made as to the
      perfection of any security interest in rents or other personal property to
      the extent that possession or control of such items or actions other than
      the filing of UCC Financing Statements are required in order to effect
      such perfection.

            10.   All real estate taxes and governmental assessments, or
      installments thereof, which would be a lien on the Mortgaged Property and
      that prior to the Cut-off Date have become delinquent in respect of each
      related Mortgaged Property, have been paid, or an escrow of funds in an
      amount sufficient (together with, in the case of taxes and governmental
      assessments not presently due and payable, future escrow payments required
      to be made pursuant to the related Mortgage Loan documents) to cover such
      payments has been established. For purposes of this representation and
      warranty, real estate taxes and governmental assessments and installments
      thereof shall not be considered delinquent until the earlier of (a) the
      date on which interest and/or penalties would first be payable thereon and
      (b) the date on which enforcement action is entitled to be taken by the
      related taxing authority.

            11.   To the Seller's actual knowledge as of the Cut-off Date, and
      to the Seller's actual knowledge based solely upon due diligence
      customarily performed with the origination of comparable mortgage loans by
      the Seller, each related Mortgaged Property was free and clear of any
      material damage (other than deferred maintenance for which escrows were
      established at origination) that would materially and adversely affect the
      value of such Mortgaged Property as security for the Mortgage Loan, and to
      the Seller's actual knowledge as of the Cut-off Date there was no
      proceeding pending for the total or partial condemnation of such Mortgaged
      Property.

            12.   The lien of each related Mortgage as a first priority lien in
      the original principal amount of such Mortgage Loan (and, in the case of a
      Mortgage Loan that is part


                                       I-4



      of a Loan Combination, in the original (aggregate, if applicable)
      principal amount of the other mortgage loan(s) constituting the related
      Loan Combination) after all advances of principal (as set forth on the
      Mortgage Loan Schedule) 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 Seller, its successors and
      assigns, subject only to the Title Exceptions; the Seller or its
      successors or assigns is the named insured of such policy; such policy is
      assignable in connection with the assignment of the related Mortgage Note
      without consent of the insurer and will inure to the benefit of the
      Trustee as mortgagee of record; such policy is in full force and effect
      upon the consummation of the transactions contemplated by this Agreement;
      all premiums thereon have been paid; no material claims have been made
      under such policy and the Seller has not done anything, by act or
      omission, and the Seller has no actual knowledge of any matter, which
      would impair or diminish the coverage of such policy. The insurer issuing
      such policy is either (x) a nationally recognized title insurance company
      or (y) qualified to do business in the jurisdiction in which the related
      Mortgaged Property is located to the extent required; and such policy
      contains no material exclusions for, or affirmatively insures (except for
      any Mortgaged Property located in a jurisdiction where such insurance is
      not available) (a) access to a public road and (b) against any loss due to
      encroachments of any material portion of the improvements thereon.

            13.   As of the date of its origination, all insurance coverage
      required under each related Mortgage was in full force and effect with
      respect to each related Mortgaged Property, which insurance covered such
      risks as were customarily acceptable to prudent commercial and multifamily
      mortgage lending institutions lending on the security of property
      comparable to the related Mortgaged Property in the jurisdiction in which
      such Mortgaged Property is located, and with respect to a fire and
      extended perils insurance policy, was in an amount (subject to a customary
      deductible) at least equal to the lesser of (i) the replacement cost of
      improvements located on such Mortgaged Property, or (ii) the original
      principal balance of the Mortgage Loan (and, in the case of a Mortgage
      Loan that is part of a Loan Combination, in the original (aggregate, if
      applicable) principal amount of the other mortgage loan(s) constituting
      the related Loan Combination), and in any event, in an amount necessary to
      prevent operation of any co-insurance provisions, and, except if such
      Mortgaged Property is operated as a manufactured housing community, such
      Mortgaged Property is also covered by business interruption or rental loss
      insurance, in an amount at least equal to twelve (12) months of operations
      of the related Mortgaged Property (or in the case of a Mortgaged Property
      without any elevator, six (6) months); and as of the Cut-off Date, to the
      actual knowledge of the Seller, all insurance coverage required under each
      Mortgage, which insurance covers such risks and is in such amounts as are
      customarily acceptable to prudent commercial and multifamily mortgage
      lending institutions lending on the security of property comparable to the
      related Mortgaged Property in the jurisdiction in which such Mortgaged
      Property is located, is in full force and effect with respect to each
      related Mortgaged Property; and all premiums due and payable through the
      Closing Date have been paid; and no notice of termination or cancellation
      with respect to any such insurance policy has been received by the Seller.
      Except for certain amounts not greater than amounts which would be
      considered prudent by a commercial and multifamily mortgage lending
      institution with respect to a similar mortgage loan and which are set
      forth in the related Mortgage, any insurance proceeds in


                                       I-5



      respect of a casualty loss are required to be applied either (i) to the
      repair or restoration of all or part of the related Mortgaged Property or
      (ii) to the reduction of the outstanding principal balance of the Mortgage
      Loan, subject in either case to requirements with respect to leases at the
      related Mortgaged Property and to other exceptions customarily provided
      for by prudent commercial and multifamily mortgage lending institutions
      for similar loans. The Mortgaged Property is also covered by comprehensive
      general liability insurance against claims for personal and bodily injury,
      death or property damage occurring on, in or about the related Mortgaged
      Property, in an amount customarily required by prudent commercial and
      multifamily mortgage lending institutions.

            The insurance policies contain a standard mortgagee clause naming
      the holder of the related Mortgage, its successors and assigns as loss
      payee, in the case of a property insurance policy, and additional insured
      in the case of a liability insurance policy, and provide that they are not
      terminable without thirty (30) days prior written notice to the Mortgagee
      (or, with respect to non-payment, ten (10) days prior written notice to
      the Mortgagee) or such lesser period as prescribed by applicable law. Each
      Mortgage requires that the Mortgagor maintain insurance as described above
      or permits the Mortgagee to require insurance as described above, and
      permits the Mortgagee to purchase such insurance at the Mortgagor's
      expense if Mortgagor fails to do so.

            14.   Other than payments due but not yet thirty (30) days or more
      delinquent, to the Seller's actual knowledge, based upon due diligence
      customarily performed with the servicing of comparable mortgage loans by
      prudent commercial and multifamily mortgage lending institutions, there is
      no material default, breach, violation or event of acceleration existing
      under the related Mortgage or the related Mortgage Note, and to the
      Seller's actual knowledge 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; provided, however,
      that this representation and warranty does not address or otherwise cover
      any default, breach, violation or event of acceleration that specifically
      pertains to any matter otherwise covered by any other representation and
      warranty made by the Seller in any paragraph of this Schedule I or in any
      paragraph of Schedule II; and the Seller has not waived any material
      default, breach, violation or event of acceleration under such Mortgage or
      Mortgage Note, except for a written waiver contained in the related
      Mortgage File being delivered to the Purchaser, and pursuant to the terms
      of the related Mortgage or the related Mortgage Note and other documents
      in the related Mortgage File, 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.

            15.   As of the Closing Date, each Mortgage Loan is not, and in the
      prior twelve (12 ) months (or since the date of origination if such
      Mortgage Loan has been originated within the past twelve (12 ) months),
      has not been, thirty (30) days or more past due in respect of any
      Scheduled Payment.

            16.   Except with respect to ARD Loans, which provide that the rate
      at which interest accrues thereon increases after the Anticipated
      Repayment Date, the Mortgage


                                       I-6



      Rate (exclusive of any default interest, late charges or prepayment
      premiums) of such Mortgage Loan is a fixed rate.

            17.   No related Mortgage provides for or permits, without the
      prior written consent of the holder of the Mortgage Note, any related
      Mortgaged Property to secure any other promissory note or obligation
      except as expressly described in such Mortgage or other Mortgage Loan
      document.

            18.   Each Mortgage Loan constitutes a "qualified mortgage" within
      the meaning of Section 860G(a)(3) of the Code (without regard to Treasury
      regulations Sections 1.860-G(2)(a)(3) and 1.860G(2)(f)(2)), is directly
      secured by a Mortgage on a commercial property or a multifamily
      residential property, and either (a) 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 (within the meaning of Treasury Regulations
      Sections 1.856-3(c) and 1.856-3(d)) and such interest in real property was
      the only security for such Mortgage Loan as of the Testing Date (as
      defined below), or (b) 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 such Mortgage Loan (i) as of the Testing Date, or (ii)
      as of the Closing Date. For purposes of the previous sentence, (A) the
      fair market value of the referenced interest in real property shall first
      be reduced by (1) the amount of any lien on such interest in real property
      that is senior to such Mortgage Loan, and (2) a proportionate amount of
      any lien on such interest in real property that is on a parity with the
      Mortgage Loan, and (B) the "Testing Date" shall be the date on which the
      referenced Mortgage Loan was originated unless (1) 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 (2) 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.

            19.   One or more environmental site assessments, updates or
      transaction screens thereof were performed by an environmental consulting
      firm independent of the Seller and the Seller's affiliates with respect to
      each related Mortgaged Property during the 18-months preceding the
      origination of the related Mortgage Loan, except for those Mortgage Loans
      identified on Annex A to this Schedule I for which a lender's
      environmental insurance policy was obtained in lieu of such environmental
      site assessments, updates and transaction screens, and the Seller, having
      made no independent inquiry other than to review the report(s) prepared in
      connection with the assessment(s), updates or transaction screens
      referenced herein, has no actual knowledge and has received no notice of
      any material and adverse environmental condition or circumstance affecting
      such Mortgaged Property that was not disclosed in such report(s). If any
      such environmental report identified any Recognized Environmental
      Condition (REC), as that


                                       I-7



      term is defined in the Standard Practice for Environmental Site
      Assessments: Phase I Environmental Site Assessment Process Designation: E
      1527-00, as recommended by the American Society for Testing and Materials
      (ASTM), with respect to the related Mortgaged Property and the same have
      not been subsequently addressed in all material respects, then one or more
      of the following is true: (i) an escrow greater than 100% of the amount
      identified as necessary by the environmental consulting firm to address
      the REC is held by the Seller for purposes of effecting same (and the
      related Mortgagor has covenanted in the Mortgage Loan documents to perform
      such work); (ii) the related Mortgagor or other responsible party having
      financial resources reasonably estimated to be adequate to address the REC
      is required to take such actions or is liable for the failure to take such
      actions, if any, with respect to such circumstances or conditions as have
      been required by the applicable governmental regulatory authority or any
      environmental law or regulation; (iii) the related Mortgagor has provided
      a lender's environmental insurance policy (in which case such Mortgage
      Loan is identified on Annex A to this Schedule I); (iv) an operations and
      maintenance plan has been or will be implemented; (v) such conditions or
      circumstances were investigated further and based upon such additional
      investigation, a qualified environmental consultant recommended no further
      investigation or remediation; or (vi) the Mortgagor or other responsible
      party has obtained a no further action letter or other evidence that
      governmental authorities have no intention of taking any action or
      requiring any action in respect of the REC. All environmental assessments
      or updates that were in the possession of the Seller and that relate to a
      Mortgaged Property insured by an environmental insurance policy have been
      delivered to or disclosed to the environmental insurance carrier issuing
      such policy prior to the issuance of such policy.

            20.   Each related Mortgage and Assignment of Leases, together with
      applicable state law, contains customary and enforceable provisions for
      comparable mortgaged properties similarly situated such as to render the
      rights and remedies of the holder thereof adequate for the practical
      realization against the Mortgaged Property of the principal benefits of
      the security, including realization by judicial or, if applicable,
      non-judicial foreclosure, subject to the effects of bankruptcy,
      insolvency, reorganization, receivership, moratorium, redemption,
      liquidation or similar laws affecting the rights of creditors and the
      application of principles of equity.

            21.   At the time of origination and, to the actual knowledge of
      Seller as of the Cut-off Date, no Mortgagor is a debtor in any state or
      federal bankruptcy or insolvency proceeding.

            22.   Except with respect to any Mortgage Loan that is part of a
      Loan Combination, each Mortgage Loan is a whole loan and contains no
      equity participation by the Seller or shared appreciation feature and does
      not provide for any contingent or additional interest in the form of
      participation in the cash flow of the related Mortgaged Property or, other
      than the ARD Loans, provide for negative amortization. The Seller holds no
      preferred equity interest in the related Mortgagor.

            23.   Subject to certain exceptions, which are customarily
      acceptable to prudent commercial and multifamily mortgage lending
      institutions lending on the security of


                                       I-8



      property comparable to the related Mortgaged Property, each related
      Mortgage or loan agreement contains provisions for the acceleration of the
      payment of the unpaid principal balance of such Mortgage Loan if, without
      complying with the requirements of the Mortgage or loan agreement, (a) the
      related Mortgaged Property, or any controlling interest in the related
      Mortgagor, is directly transferred or sold (other than by reason of family
      and estate planning transfers, transfers by devise, descent or operation
      of law upon the death or incapacity of a member, general partner or
      shareholder of the related Mortgagor, transfers of less than a controlling
      interest in a mortgagor, issuance of non-controlling new equity interests,
      transfers among existing members, partners or shareholders in the
      Mortgagor or an affiliate thereof, transfers among affiliated Mortgagors
      with respect to cross-collateralized and cross-defaulted Mortgage Loans or
      multi-property Mortgage Loans or transfers of a similar nature to the
      foregoing meeting the requirements of the Mortgage Loan, such as pledges
      of ownership interest that do not result in a change of control) or a
      substitution or release of collateral is effected other than in the
      circumstances specified in representation (26) below, or (b) the related
      Mortgaged Property is encumbered in connection with subordinate financing
      by a lien or security interest against the related Mortgaged Property,
      other than any existing permitted additional debt.

            24.   Except as set forth in the related Mortgage File, the terms
      of the related Mortgage Note and Mortgage(s) have not been waived,
      modified, altered, satisfied, impaired, canceled, subordinated or
      rescinded in any manner which materially interferes with the security
      intended to be provided by such Mortgage.

            25.   Each related Mortgaged Property was inspected by or on behalf
      of the related originator or an affiliate during the 12-month period prior
      to the related origination date.

            26.   Since origination, no material portion of the related
      Mortgaged Property has been released from the lien of the related Mortgage
      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, except with respect to Mortgage Loans (a)
      which permit defeasance by means of substituting for the Mortgaged
      Property (or, in the case of a Mortgage Loan secured by multiple Mortgaged
      Properties, one or more of such Mortgaged Properties) "government
      securities" within the meaning of Treasury Regulation Section
      1.860G-2(a)(8)(i) sufficient to pay the Mortgage Loans (or portions
      thereof) in accordance with their terms, (b) where a release of the
      portion of the Mortgaged Property was contemplated at origination and such
      portion was not considered material for purposes of underwriting the
      Mortgage Loan, (c) where release is conditional upon the satisfaction of
      certain underwriting and legal requirements and the payment of a release
      price that represents adequate consideration for such Mortgaged Property
      or the portion thereof that is being released, (d) which permit the
      related Mortgagor to substitute a replacement property in compliance with
      REMIC Provisions or (e) which permit the release(s) of unimproved
      out-parcels or other portions of the Mortgaged Property that will not have
      a material adverse affect on the underwritten value of the security for
      the Mortgage Loan or that were not allocated any value in the underwriting
      during the origination of the Mortgage Loan, the terms of the related
      Mortgage do not provide for


                                       I-9



      release of any portion of the Mortgaged Property from the lien of the
      Mortgage except in consideration of payment in full therefor.

            27.   To the Seller's actual knowledge, based upon a letter from
      governmental authorities, a legal opinion, an endorsement to the related
      title policy, an architect's letter or zoning consultant's report or based
      upon other due diligence considered reasonable by prudent commercial and
      multifamily mortgage lending institutions in the area where the applicable
      Mortgaged Property is located, as of the date of origination of such
      Mortgage Loan and as of the Cut-off Date, there are no material violations
      of any applicable zoning ordinances, building codes and land laws
      applicable to the Mortgaged Property or the use and occupancy thereof
      which (a) are not insured by an ALTA lender's title insurance policy (or a
      binding commitment therefor), or its equivalent as adopted in the
      applicable jurisdiction, or a law and ordinance insurance policy or (b)
      would have a material adverse effect on the value, operation or net
      operating income of the Mortgaged Property.

            28.   To the Seller's actual knowledge based on surveys and/or the
      title policy referred to herein obtained in connection with the
      origination of each Mortgage Loan, 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), to an extent which would have a material adverse affect on the
      value of the Mortgaged Property or related Mortgagor's use and operation
      of such Mortgaged Property (unless affirmatively covered by title
      insurance) and no improvements on adjoining properties encroached upon
      such Mortgaged Property to an extent which would have a material adverse
      affect on the value of the Mortgaged Property or related Mortgagor's use
      and operation of such Mortgaged Property (unless affirmatively covered by
      title insurance).

            29.   With respect to at least 95% of the Mortgage Loans (by
      principal balance) having a Cut-off Date Balance in excess of 1% of the
      Initial Pool Balance, the related Mortgagor has covenanted in its
      organizational documents and/or the Mortgage Loan documents to own no
      significant asset other than the related Mortgaged Property or Mortgaged
      Properties, as applicable, and assets incidental to its ownership and
      operation of such Mortgaged Property, and to hold itself out as being a
      legal entity, separate and apart from any other Person.

            30.   No advance of funds has been made other than pursuant to the
      loan documents, directly or indirectly, by the Seller to the Mortgagor
      and, to the Seller's actual 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.

            31.   As of the date of origination and, to the Seller's actual
      knowledge, as of the Cut-off Date, there was no pending action, suit or
      proceeding, or governmental investigation of which it has received notice,
      against the Mortgagor or the related Mortgaged Property the adverse
      outcome of which could reasonably be expected to materially and adversely
      affect such Mortgagor's ability to pay principal, interest or any


                                      I-10



      other amounts due under such Mortgage Loan or the security intended to be
      provided by the Mortgage Loan documents or the current use of the
      Mortgaged Property.

            32.   As of the date of origination, and, to the Seller's actual
      knowledge, as of the Cut-off Date, if the related Mortgage is a deed of
      trust, a trustee, duly qualified under applicable law to serve as such,
      has either been properly designated and serving under such Mortgage or may
      be substituted in accordance with the Mortgage and applicable law.

            33.   Except with respect to any Mortgage Loan that is part of a
      Loan Combination, the related Mortgage Note is not secured by any
      collateral that secures a mortgage loan that is not in the Trust Fund and
      each Mortgage Loan that is cross-collateralized is cross-collateralized
      only with other Mortgage Loans sold pursuant to this Agreement.

            34.   The improvements located on the Mortgaged Property are either
      not located in a federally designated special flood hazard area or the
      Mortgagor is required to maintain or the mortgagee maintains, flood
      insurance with respect to such improvements and such insurance policy is
      in full force and effect and in an amount (subject to a deductible not to
      exceed $25,000) at least equal to the least of (a) the replacement cost of
      improvements located on such mortgaged real property, (b) the outstanding
      principal balance of the subject mortgage loan and (c) the maximum amount
      under the applicable federal flood insurance program.

            35.   All escrow deposits and payments required pursuant to the
      Mortgage Loan as of the Closing Date required to be deposited with the
      Seller in accordance with the Mortgage Loan documents have been so
      deposited, and to the extent not disbursed or otherwise released in
      accordance with the related Mortgage Loan documents, are in the
      possession, or under the control, of the Seller or its agent and there are
      no deficiencies in connection therewith.

            36.   To the Seller's actual knowledge, based on the due diligence
      customarily performed in the origination of comparable mortgage loans by
      prudent commercial and multifamily mortgage lending institutions with
      respect to the related geographic area and properties comparable to the
      related Mortgaged Property, as of the date of origination of the Mortgage
      Loan, the related Mortgagor was in possession of all material licenses,
      permits and authorizations then required for use of the related Mortgaged
      Property, and, as of the Cut-off Date, the Seller has no actual knowledge
      that the related Mortgagor was not in possession of such licenses, permits
      and authorizations.

            37.   The origination (or acquisition, as the case may be)
      practices used by the Seller or its affiliates with respect to the
      Mortgage Loan have been in all material respects legal and the servicing
      and collection practices used by the Seller or its affiliates with respect
      to the Mortgage Loan have met customary industry standards for servicing
      of commercial mortgage loans for conduit loan programs.


                                      I-11



            38.   Except for any Mortgage Loan secured by a Mortgagor's
      leasehold interest in the related Mortgaged Property, the related
      Mortgagor (or its affiliate) has title in the fee simple interest in each
      related Mortgaged Property.

            39.   The Mortgage Loan documents for each Mortgage Loan provide
      that each Mortgage Loan is non-recourse to the related Mortgagor except
      that the related Mortgagor accepts responsibility for fraud and/or other
      intentional material misrepresentation. The Mortgage Loan documents for
      each Mortgage Loan provide that the related Mortgagor shall be liable to
      the lender for losses incurred due to the misapplication or
      misappropriation of rents collected in advance or received by the related
      Mortgagor after the occurrence of an event of default and not paid to the
      Mortgagee or applied to the Mortgaged Property in the ordinary course of
      business, misapplication or conversion by the Mortgagor of insurance
      proceeds or condemnation awards or breach of the environmental covenants
      in the related Mortgage Loan documents.

            40.   Subject to the exceptions set forth in representation (5),
      the Assignment of Leases set forth in the Mortgage or separate from the
      related Mortgage and related to and delivered in connection with each
      Mortgage Loan establishes and creates a valid, subsisting and enforceable
      lien and security interest in the related Mortgagor's interest in all
      leases, subleases, licenses or other agreements pursuant to which any
      Person is entitled to occupy, use or possess all or any portion of the
      real property.

            41.   With respect to such Mortgage Loan, any prepayment premium
      constitutes a "customary prepayment penalty" within the meaning of
      Treasury Regulations Section 1.860G-1(b)(2).

            42.   If such Mortgage Loan contains a provision for any defeasance
      of mortgage collateral, such Mortgage Loan permits defeasance (a) no
      earlier than two (2) years after the Closing Date, and (b) only with
      substitute collateral constituting "government securities" within the
      meaning of Treasury Regulations Section 1.860G-2(a)(8)(i) in an amount
      sufficient to make all scheduled payments under the Mortgage Note (or, in
      the case of a partial defeasance, in an amount sufficient to make all
      scheduled payments with respect to the defeased portion of such Mortgage
      Loan). In addition, if such Mortgage contains such a defeasance provision,
      it provides (or otherwise contains provisions pursuant to which the holder
      can require) that an opinion be provided to the effect that such holder
      has a first priority perfected security interest in the defeasance
      collateral. The related Mortgage Loan documents permit the lender to
      charge all of its expenses associated with a defeasance to the Mortgagor
      (including rating agencies' fees, accounting fees and attorneys' fees),
      and provide that the related Mortgagor must deliver (or otherwise, the
      Mortgage Loan documents contain certain provisions pursuant to which the
      lender can require) (i) an accountant's certification as to the adequacy
      of the defeasance collateral to make payments under the related Mortgage
      Loan for the remainder of its term, (ii) an Opinion of Counsel that the
      defeasance complies with all applicable REMIC Provisions, and (iii)
      assurances from the Rating Agencies that the defeasance will not result in
      the withdrawal, downgrade or qualification of the ratings assigned to the
      Certificates. Notwithstanding the foregoing, some of the Mortgage Loan


                                      I-12



      documents may not affirmatively contain all such requirements, but such
      requirements are effectively present in such documents due to the general
      obligation to comply with the REMIC Provisions and/or deliver a REMIC
      Opinion of Counsel.

            43.   To the extent required under applicable law as of the date of
      origination, and necessary for the enforceability or collectability of the
      Mortgage Loan, the originator of such Mortgage Loan was authorized to do
      business in the jurisdiction in which the related Mortgaged Property is
      located at all times when it originated and held the Mortgage Loan.

            44.   Neither the Seller nor any affiliate thereof has any
      obligation to make any capital contributions to the Mortgagor under the
      Mortgage Loan.

            45.   Except with respect to any Mortgage Loan that is part of a
      Loan Combination, none of the Mortgaged Properties are encumbered, and
      none of the Mortgage Loan documents permit the related Mortgaged Property
      to be encumbered subsequent to the Closing Date without the prior written
      consent of the holder thereof, by any lien securing the payment of money
      junior to or of equal priority with, or superior to, the lien of the
      related Mortgage (other than Title Exceptions, taxes, assessments and
      contested mechanics and materialmen's liens that become payable after the
      Cut-off Date of the related Mortgage Loan).


                                      I-13



                             ANNEX A (TO SCHEDULE I)

            Mortgage Loans as to Which the Related Mortgagor Obtained
                    a Lender's Environmental Insurance Policy

                           940953245 - Backlick South
                        940953068 - Plaza Dental Building


                                      I-14



                                   SCHEDULE II

                   GROUND LEASE REPRESENTATIONS AND WARRANTIES

            With respect to each Mortgage Loan secured by a leasehold interest
(except with respect to any Mortgage Loan also secured by a fee interest in the
related Mortgaged Property), the Seller represents and warrants the following
with respect to the related Ground Lease:

            1.    Such Ground Lease or a memorandum thereof has been or will be
      duly recorded no later than thirty (30) days after the Closing Date and
      such Ground Lease permits the interest of the lessee thereunder to be
      encumbered by the related Mortgage or, if consent of the lessor thereunder
      is required, it has been obtained prior to the Closing Date.

            2.    Upon the foreclosure of the Mortgage Loan (or acceptance of a
      deed in lieu thereof), the Mortgagor's interest in such ground lease is
      assignable to the mortgagee under the leasehold estate 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).

            3.    Such Ground Lease may not be amended, modified, canceled or
      terminated without the prior written consent of the mortgagee and any such
      action without such consent is not binding on the mortgagee, its
      successors or assigns, except termination or cancellation if (a) an event
      of default occurs under the Ground Lease, (b) notice thereof is provided
      to the mortgagee and (c) such default is curable by the mortgagee as
      provided in the Ground Lease but remains uncured beyond the applicable
      cure period.

            4.    To the actual knowledge of the Seller, at the Closing Date,
      such Ground Lease is in full force and effect and other than payments due
      but not yet thirty (30) days or more delinquent, (a) there is no material
      default, and (b) there is no event which, with the passage of time or with
      notice and the expiration of any grace or cure period, would constitute a
      material default under such Ground Lease.

            5.    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 of default 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.

            6.    The ground lease (a) is not subject to any liens or
      encumbrances superior to, or of equal priority with, the Mortgage,
      subject, however, to only the Title Exceptions or (b) is subject to a
      subordination, non-disturbance and attornment agreement to which the
      mortgagee on the lessor's fee interest in the Mortgaged Property is
      subject.

            7.    A mortgagee is permitted a reasonable opportunity (including,
      where necessary, sufficient time to gain possession of the interest of the
      lessee under the ground


                                      II-1



      lease) to cure any curable default under such Ground Lease before the
      lessor thereunder may terminate such Ground Lease.

            8.    Such Ground Lease has an original term (together with any
      extension options, whether or not currently exercised, set forth therein
      all of which can be exercised by the mortgagee if the mortgagee acquires
      the lessee's rights under the Ground Lease) that extends not less than
      twenty (20) years beyond the Stated Maturity Date.

            9.    Under the terms of such Ground Lease, any estoppel or consent
      letter received by the mortgagee from the lessor, and the related
      Mortgage, taken together, 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 or approved by it having the right to hold and disburse such
      proceeds as repair or restoration progresses (except in cases where a
      provision entitling another party to hold and disburse such proceeds would
      not be viewed as commercially unreasonable by a prudent commercial and
      multifamily mortgage lending institution), or to the payment or defeasance
      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 a prudent commercial and
      multifamily mortgage lending institution, 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).

            10.   The ground lease does not impose any restrictions on
      subletting that would be viewed as commercially unreasonable by a prudent
      commercial and multifamily mortgage lending institution.

            11.   The ground lessor under such Ground Lease is required to
      enter into a new lease upon termination of the Ground Lease for any
      reason, including the rejection of the Ground Lease in bankruptcy.


                                      II-2



                                  SCHEDULE III

          EXCEPTIONS TO GENERAL MORTGAGE REPRESENTATIONS AND WARRANTIES

Exceptions to representation #16



----------------------------------------------------------------------------------------------------------------------
LOAN NUMBER(S)      LOAN NAME(S)                                DESCRIPTION OF EXCEPTION
----------------------------------------------------------------------------------------------------------------------

940952387           The Shoppes at South Bay (Walmart)          With respect to each Mortgage Loan listed to the
940952863           Danaher Tool                                left, if the related Mortgage Note is not paid in
940952886           PetSmart                                    full on its maturity date and the holder thereof
940952930           Challenger One Building                     exercises its option to forebear from pursuing its
940952964           Mill Ridge Office Center                    remedies, such Mortgage Loan provides that, during
940953080           OSI Collection Services                     the period commencing on or about the related
940953188           Goodwill Tropicana                          maturity date and continuing until the earlier of
940953198           Roseland HQ Building                        such Mortgage Loan being paid in full or the holder
940953202           Broomfield Plaza Shopping Center            terminating its forbearance, additional interest
                                                                above the stated interest rate applicable prior to
                                                                the maturity date shall accrue and may be compounded
                                                                monthly and shall be payable only after all of the
                                                                outstanding principal of such Mortgage Loan is paid
                                                                in full.
----------------------------------------------------------------------------------------------------------------------

Exceptions to representation #19


----------------------------------------------------------------------------------------------------------------------
LOAN NUMBER(S)      LOAN NAME(S)                                DESCRIPTION OF EXCEPTION
----------------------------------------------------------------------------------------------------------------------

940953249           Park Place Apartments - Manhattan           A short-term radon test indicated that radon levels
                                                                on the Mortgaged Property exceed U.S. EPA
                                                                guidelines.  The environmental consultant
                                                                recommended that confirmatory radon sampling be
                                                                conducted at an estimated cost of $30 to $1,000.
----------------------------------------------------------------------------------------------------------------------

Exceptions to representation #22


----------------------------------------------------------------------------------------------------------------------
LOAN NUMBER(S)      LOAN NAME(S)                                DESCRIPTION OF EXCEPTION
----------------------------------------------------------------------------------------------------------------------

940952387           The Shoppes at South Bay (Walmart)          With respect to each Mortgage Loan listed to the
940952863           Danaher Tool                                left, if the related Mortgage Note is not paid in
940952886           PetSmart                                    full on its maturity date and the holder thereof
940952930           Challenger One Building                     exercises its option to forebear from pursuing its
940952964           Mill Ridge Office Center                    remedies, such Mortgage Loan provides that, during
940953080           OSI Collection Services                     the period commencing on or about the related
940953188           Goodwill Tropicana                          maturity date and continuing until the earlier of
940953198           Roseland HQ Building                        such Mortgage Loan being paid in full or the holder
940953202           Broomfield Plaza Shopping Center            terminating its forbearance, additional interest
                                                                above the stated interest rate applicable prior to
                                                                the maturity date shall accrue and may be compounded
                                                                monthly and shall be payable only after all of the
                                                                outstanding principal of such Mortgage Loan is paid
                                                                in full.
----------------------------------------------------------------------------------------------------------------------



                                      IV-1



Exceptions to representation #26



----------------------------------------------------------------------------------------------------------------------
LOAN NUMBER(S)      LOAN NAME(S)                                DESCRIPTION OF EXCEPTION
----------------------------------------------------------------------------------------------------------------------

940953245           Backlick South                              Each of the Mortgage Loans listed to the left are
940953246           Springfield 8                               cross-defaulted and cross-collateralized with each
                                                                other. The respective Mortgaged Properties may be
                                                                released from the effects of the
                                                                cross-collateralization subject to the satisfaction
                                                                of certain conditions set forth in the related
                                                                Mortgage Loan documents.
----------------------------------------------------------------------------------------------------------------------

Exceptions to representation #31


----------------------------------------------------------------------------------------------------------------------
LOAN NUMBER(S)      LOAN NAME(S)                                DESCRIPTION OF EXCEPTION
----------------------------------------------------------------------------------------------------------------------

940953403           The Atlantic Building                       Douglas Jemal, the principal owner of the borrower,
                                                                and a leasing director for Douglas Development
                                                                Corporation, which master leases a portion of and
                                                                manages certain retail leasing activities with
                                                                respect to the mortgaged real property and is owned
                                                                by Douglas Jemal, were convicted of wire fraud in
                                                                October 2006 in connection with the prosecution and
                                                                guilty plea of a former Washington, D.C. official on
                                                                bribery charges. Jemal and his employee were found
                                                                innocent on related bribery charges. Said leasing
                                                                director and another official of Douglas Development
                                                                Corporation were found or plead guilty to certain
                                                                felony personal tax evasion counts in connection
                                                                with the bribery prosecution.
----------------------------------------------------------------------------------------------------------------------



                                      III-2



                                   SCHEDULE IV

            EXCEPTIONS TO GROUND LEASE REPRESENTATIONS AND WARRANTIES

Exceptions to representation #10



----------------------------------------------------------------------------------------------------------------------
LOAN NUMBER(S)      LOAN NAME(S)                                DESCRIPTION OF EXCEPTION
----------------------------------------------------------------------------------------------------------------------

940953106           K-Mart Store - Oceanside                    The consent of the ground lessor for any subletting
                                                                of the Mortgaged Property is required, which consent
                                                                may not be unreasonably withheld.
----------------------------------------------------------------------------------------------------------------------



                                      IV-1



                                     ANNEX A

                             MORTGAGE LOAN SCHEDULE


                                      III-2




                           LOAN
 LOAN     MORTGAGE LOAN   GROUP
NUMBER       SELLER       NUMBER             LOAN / PROPERTY NAME                             PROPERTY ADDRESS
------------------------------------------------------------------------------------------------------------------------------------

  12          PNC           1     The Atlantic Building                             950 F Street NW
  16          PNC           1     Grand Plaza                                       101-197 S. Las Posas Road
  29          PNC           1     The Shoppes at South Bay (Walmart)                19503 South Normandie Avenue
  30          PNC           1     Eaton Canyon Tech Center                          2923 & 2947 Bradley Street
  36          PNC           1     Red Lion Hanalei Hotel                            2270 Hotel Circle North
  42          PNC           1     121 Airport Centre I & II                         2200-2208 Highway 121
------------------------------------------------------------------------------------------------------------------------------------

  44          PNC           1     Backlick South                                    8241, 8245, 8249 & 8253 Blacklick Rd
  45          PNC           1     Springfield 8                                     8198 Terminal Road
------------------------------------------------------------------------------------------------------------------------------------
  53          PNC           2     Equinox on the Park Apartment Homes               6200 North Shiloh Road
  55          PNC           1     Eastgate Plaza                                    10-50 Turk Hill Road
  59          PNC           1     Holiday Inn of Toms River                         290 Route 37 East
  72          PNC           1     Residence Inn - Wayne                             30 Nevins Road
  73          PNC           1     Hilton Garden Inn - Buffalo Airport               4201 Genessee Street
  77          PNC           1     Wilshire Plaza                                    755 Veterans Memorial Boulevard
  82          PNC           1     Grand Flamingo                                    4180 & 4220 S. Grand Canyon Drive, 9701-9827
                                                                                     W. Flamingo Road
  90          PNC           1     AOC Building                                      7858 Shrader Road
  96          PNC           1     Fabyan Crossing                                   1900 & 2000 South Randall Road
 101          PNC           1     Hampton Inn & Suites - Fresno                     327 E. Fir Avenue
 103          PNC           1     Maple Crossing                                    4080-4120 Maple Road
 106          PNC           1     Self Storage 1                                    190 Otis Street
 122          PNC           2     Legacy Senior Apartments                          3850 Silverton Circle
 123          PNC           1     Homewood Suites - Amherst                         1138 Millersport Highway
 125          PNC           1     Broomfield Plaza Shopping Center                  5015-5139 West 120th Avenue
 126          PNC           1     Springhill Suites - Solon                         30100 Aurora Road
 133          PNC           1     Platte River Mall                                 1000 S. Dewey Street
 134          PNC           1     Via Esprillo                                      16510 Via Esprillo
 137          PNC           2     Autumn Park Apartment Homes                       4405 North Navarro Street
 139          PNC           1     Mill Ridge Office Center                          2 & 4 Mill Ridge Lane
 141          PNC           1     Yorktown Center                                   2525 West 12th Street
 142          PNC           1     Berkshire Plaza                                   12402 Orange Blossom Trail
 150          PNC           1     Gateway Plaza - Leesburg                          923-959 N. 14th Street
 151          PNC           1     Hannaford Plaza                                   262 Saratoga Road
 158          PNC           1     Country Club Medical Building                     1940 & 1950 S. Country Club Drive
------------------------------------------------------------------------------------------------------------------------------------
 165          PNC           1     Sentinel Self-Storage Portfolio                   Various
165.1                       1     Sentinal Self Storage - Smyrna                    52 South Cory Lane
165.2                       1     Sentinel Self Storage - Elkton                    20 Cecil Woods Drive
165.3                       1     Sentinel Self Storage - Middletown                504 Industrial Road & 213 East Main Street
------------------------------------------------------------------------------------------------------------------------------------
 171          PNC           2     Crown Ridge Apartments                            3751 Eagle Cliff Drive
 181          PNC           1     Pinetree Center                                   2551 E. Pinetree Boulevard
 185          PNC           1     McKinley Commons                                  4154 McKinley Parkway
 191          PNC           2     Edmond Mansions                                   1301 NW 178th Street
 198          PNC           2     Park Place Apartments - Manhattan                 1413 Cambridge Place
 201          PNC           1     Challenger One Building                           615 & 620 Allen Avenue
 208          PNC           1     Holiday Inn Express & Suites - Ft. Wayne          5915 Ellison Road
 213          PNC           1     Suburban Extended Stay Hotel Tampa Airport W      6902 West Hillsborough Avenue
 215          PNC           1     Riverbend Shopping Center                         7500-7552 West Oklahoma Avenue
 224          PNC           1     Eckerd - Gates Plaza                              2 Spencerport Road
 241          PNC           1     Omni Storage V                                    18577 Hwy 22
 243          PNC           1     Har Ken Plaza                                     3818-3870 Harlem Road
 245          PNC           1     Eckerd - NY Mills                                 4848 Commercial Drive
 247          PNC           1     Minikahda Mini Storage III                        1413 & 1441 Hunting Valley Road
 255          PNC           1     Roseland HQ Building                              233 Canoe Brook Road
 261          PNC           1     Goodwill Tropicana                                3345 E. Tropicana Avenue
 266          PNC           1     K-Mart Store - Oceanside                          443 College Avenue
 268          PNC           1     K-Mart Store - Waukegan                           3110 Belvidere Road
 279          PNC           1     OSI Collection Services                           5626 Frantz Road
 282          PNC           1     Danaher Corporation                               1228 Isley Drive
 286          PNC           1     Bunker Hill Center                                102 Sleepy Hollow Drive
 288          PNC           1     PetSmart                                          8380 Westheimer Road
 290          PNC           1     Rite Aid - Depew                                  6000 Transit Road
 311          PNC           1     ProHealth Physicians                              631 South Quaker
 319          PNC           1     Ellicott Creek Plaza                              2850-2890 Niagra Falls Blvd.
 323          PNC           1     Minikahda Mini Storage & No. Concord Business Ctr 1200 Concord Street North
 329          PNC           1     Rite Aid - Buffalo                                1941 Seneca Street
 342          PNC           1     Riverside Plaza - Johnson City                    47 Riverside Drive
 343          PNC           1     Grant Line Road Retail Center                     3242-3254 & 3284-3296 W. Grant Line Road
 345          PNC           1     7th Street Office                                 1237 7th Street
 353          PNC           1     Plaza Dental Building                             4413 Belleview Avenue
 358          PNC           2     Gardens at Pryor Creek                            700 North Elliott



                                                                                               CROSS
                                                                                           COLLATERALIZED
                                                                                             (MORTGAGE                  MASTER
 LOAN                                                                    CUT-OFF DATE           LOAN        MORTGAGE   SERVICING
NUMBER           CITY           STATE    ZIP CODE        COUNTY        PRINCIPAL BALANCE       GROUP)         RATE     FEE RATE
--------------------------------------------------------------------------------------------------------------------------------

    12    Washington             DC       20004     DC                    149,700,000.00         No         5.5500%     0.0300%
    16    San Marcos             CA       92078     San Diego              86,500,000.00         No         5.7900%     0.0300%
    29    Los Angeles            CA       90502     Los Angeles            38,000,000.00         No         5.6000%     0.0300%
    30    Pasadena               CA       91107     Los Angeles            36,875,000.00         No         5.6800%     0.0500%
    36    San Diego              CA       92108     San Dieego             32,000,000.00         No         5.7000%     0.0600%
    42    Bedford                TX       76021     Tarrant                26,900,000.00         No         6.1300%     0.0500%
--------------------------------------------------------------------------------------------------------------------------------

    44    Lorton                 VA       22079     Fairfax                19,300,000.00      Yes (C2)      5.7800%     0.0600%
    45    Lorton                 VA       22079     Fairfax                 6,700,000.00      Yes (C2)      5.7800%     0.0600%
--------------------------------------------------------------------------------------------------------------------------------
    53    Garland                TX       75044     Dallas                 24,050,000.00         No         5.3100%     0.0300%
    55    Victor                 NY       14564     Ontario                20,500,000.00         No         5.5400%     0.0300%
    59    Toms River             NJ       08753     Ocean                  19,887,466.37         No         5.8200%     0.0300%
    72    Wayne                  NJ       07470     Passaic                16,313,423.37         No         5.7900%     0.0300%
    73    Cheektowaga            NY       14225     Erie                   15,964,206.35         No         5.7900%     0.0300%
    77    Metairie               LA       70005     Jefferson Parish       15,100,000.00         No         5.6000%     0.0300%
    82    Las Vegas              NV       89147     Clark                  14,250,000.00         No         5.6600%     0.0300%
    90    Richmond               VA       23294     Henrico                12,500,000.00         No         5.7500%     0.0500%
    96    Geneva                 IL       60134     Kane                   11,534,284.35         No         5.7700%     0.0600%
   101    Fresno                 CA       93720     Fresno                 11,056,668.12         No         6.1600%     0.0300%
   103    Amherst                NY       14226     Erie                   10,964,013.07         No         5.5400%     0.0300%
   106    San Francisco          CA       94103     San Francisco          10,500,000.00         No         5.8400%     0.0500%
   122    Ft. Worth              TX       76133     Tarrant                 9,577,917.56         No         5.6200%     0.0300%
   123    Amherst                NY       14226     Erie                    9,528,635.68         No         5.7900%     0.0300%
   125    Broomfield             CO       80020     Broomfield              9,500,000.00         No         5.6100%     0.0300%
   126    Solon                  OH       44139     Cuyahoga                9,350,036.10         No         5.7900%     0.0300%
   133    North Platte           NE       69101     Lincoln                 9,000,000.00         No         6.0300%     0.0300%
   134    San Diego              CA       92127     San Diego               9,000,000.00         No         5.6300%     0.0800%
   137    Victoria               TX       77904     Victoria                8,675,000.00         No         5.9000%     0.0500%
   139    Chester                NJ       07930     Morris                  8,600,000.00         No         6.5400%     0.0300%
   141    Erie                   PA       16505     Erie                    8,480,351.51         No         5.5900%     0.0300%
   142    Orlando                FL       32837     Orange                  8,452,826.04         No         5.6500%     0.0300%
   150    Leesburg               FL       34748     Lake                    8,165,691.56         No         5.7900%     0.0300%
   151    Glenville              NY       12302     Schenectady             8,069,028.73         No         5.7900%     0.0300%
   158    Mesa                   AZ       85210     Maricopa                7,685,000.00         No         5.8100%     0.0300%
--------------------------------------------------------------------------------------------------------------------------------
   165    Various              Various   Various    Various                 7,217,749.00         No         5.8500%     0.0300%
  165.1   Smyrna                 DE       19977     Kent
  165.2   Elkton                 MD       21921     Cecil
  165.3   Middletown             DE       19709     New Castle
--------------------------------------------------------------------------------------------------------------------------------
   171    Norman                 OK       73072     Cleveland               6,983,003.75         No         5.2900%     0.0800%
   181    Thomasville            GA       31792     Thomas                  6,175,000.00         No         5.6700%     0.0300%
   185    Buffalo                NY       14219     Erie                    6,036,465.53         No         5.7900%     0.0300%
   191    Edmond                 OK       73003     Oklahoma                5,750,000.00         No         6.3000%     0.0700%
   198    Manhattan              KS       66502     Riley                   5,400,000.00         No         6.0100%     0.0300%
   201    Glendale               CA       91201     Los Angeles             5,325,000.00         No         6.2000%     0.0800%
   208    Ft. Wayne              IN       46804     Allen                   5,088,459.26         No         5.7200%     0.0300%
   213    Tampa                  FL       33634     Hillsborough            4,971,379.77         No         6.1000%     0.0300%
   215    West Allis             WI       53219     Milwaukee               4,820,000.00         No         5.7900%     0.0800%
   224    Gates                  NY       14606     Monroe                  4,594,698.14         No         5.7900%     0.0300%
   241    Ponchatoula            LA       70454     Tangipahoa Parich       4,240,000.00         No         6.1000%     0.0300%
   243    Cheektowaga            NY       14215     Erie                    4,234,242.80         No         5.7900%     0.0300%
   245    New York Mills         NY       13417     Oneida                  4,190,604.16         No         5.7900%     0.0300%
   247    St. Paul               MN       55108     Ramsey                  4,092,606.29         No         5.8400%     0.0800%
   255    Short Hills            NJ       07078     Essex                   4,000,000.00         No         5.8400%     0.0300%
   261    Las Vegas              NV       89121     Clark                   3,700,000.00         No         6.1300%     0.0800%
   266    Oceanside              CA       92057     San Diego               3,604,930.56         No         5.8000%     0.0300%
   268    Waukegan               IL       60085     Lake                    3,591,946.43         No         5.7900%     0.0300%
   279    Dublin                 OH       43017     Franklin                3,300,000.00         No         5.9000%     0.0800%
   282    Gastonia               NC       28052     Gaston                  3,200,000.00         No         6.0900%     0.0300%
   286    Middletown             DE       19709     New Castle              3,080,000.00         No         5.8700%     0.0300%
   288    Houston                TX       77063     Harris                  3,033,407.39         No         5.9800%     0.0500%
   290    Depew                  NY       14043     Erie                    2,993,288.69         No         5.7900%     0.0300%
   311    West Hartford          CT       06110     Hartford                2,565,000.00         No         6.1300%     0.0600%
   319    Amherst                NY       14228     Erie                    2,321,843.04         No         5.7900%     0.0300%
   323    South St. Paul         MN       55075     Dakota                  2,295,852.31         No         5.8400%     0.0800%
   329    Buffalo                NY       14210     Erie                    2,195,070.31         No         5.7800%     0.0300%
   342    Johnson City           NY       13790     Broome                  1,995,525.79         No         5.7900%     0.0300%
   343    Tracy                  CA       95377     San Joaquin             1,994,802.07         No         5.5100%     0.0600%
   345    Santa Monica           CA       90403     Los Angeles             1,925,000.00         No         5.8600%     0.0600%
   353    Kansas City            MO       64111     Jackson                 1,697,794.53         No         6.2400%     0.0300%
   358    Pryor                  OK       74361     Mayes                   1,575,000.00         No         6.5100%     0.0300%



                                                                         INTEREST
                                                                          RESERVE
                                                                         MORTGAGE
 LOAN     ARD LOAN                ADDITIONAL INTEREST                      LOAN
NUMBER    (YES/NO)?     ARD        RATE AFTER ARD       (YES/NO)?       LOAN TYPE        GRACE PERIOD
----------------------------------------------------------------------------------------------------------------------

    12          No                                         Yes        Interest Only            5
    16          No                                         Yes      Partial IO/Balloon         5
    29          No                                         Yes      Partial IO/Balloon         5
    30          No                                         Yes      Partial IO/Balloon         5
    36          No                                         Yes      Partial IO/Balloon         5
    42          No                                         Yes      Partial IO/Balloon         5
----------------------------------------------------------------------------------------------------------

    44          No                                         Yes      Partial IO/Balloon         5
    45          No                                         Yes      Partial IO/Balloon         5
----------------------------------------------------------------------------------------------------------
    53          No                                         Yes      Partial IO/Balloon         5
    55          No                                         Yes      Partial IO/Balloon         5
    59          No                                         Yes           Balloon               5
    72          No                                         Yes           Balloon               5
    73          No                                         Yes           Balloon               5
    77          No                                         Yes      Partial IO/Balloon         5
    82          No                                         Yes      Partial IO/Balloon         5
    90          No                                         Yes      Partial IO/Balloon         5
    96          No                                         Yes           Balloon               5
   101          No                                         Yes           Balloon               5
   103          No                                         Yes           Balloon               5
   106          No                                         Yes      Partial IO/Balloon         5
   122          No                                         Yes           Balloon               5
   123          No                                         Yes           Balloon               5
   125          No                                         Yes      Partial IO/Balloon         5
   126          No                                         Yes           Balloon               5
   133          No                                         Yes           Balloon               5
   134          No                                         Yes      Partial IO/Balloon         5
   137          No                                         Yes      Partial IO/Balloon         5
   139          No                                         Yes      Partial IO/Balloon         5
   141          No                                         Yes           Balloon               5
   142          No                                         Yes           Balloon               5
   150          No                                         Yes           Balloon               5
   151          No                                         Yes           Balloon               5
   158          No                                         Yes      Partial IO/Balloon         5
----------------------------------------------------------------------------------------------------------
   165          No                                         Yes           Balloon               5
  165.1
  165.2
  165.3
----------------------------------------------------------------------------------------------------------
   171          No                                         Yes           Balloon               5
   181          No                                         Yes      Partial IO/Balloon         5
   185          No                                         Yes           Balloon               5
   191          No                                         Yes      Partial IO/Balloon         5
   198          No                                         Yes           Balloon               5
   201          No                                         Yes      Partial IO/Balloon         5
   208          No                                         Yes           Balloon               5
   213          No                                         Yes           Balloon               5
   215          No                                         Yes      Partial IO/Balloon         5
   224          No                                         Yes           Balloon               5
   241          No                                         Yes      Partial IO/Balloon         5
   243          No                                         Yes           Balloon               5
   245          No                                         Yes           Balloon               5
   247          No                                         Yes           Balloon               5
   255          No                                         Yes      Partial IO/Balloon         5
   261          No                                         Yes      Partial IO/Balloon         5
   266          No                                         Yes           Balloon               5
   268          No                                         Yes           Balloon               5
   279          No                                         Yes      Partial IO/Balloon         5
   282          No                                         Yes      Partial IO/Balloon         5
   286          No                                         Yes      Partial IO/Balloon         5
   288          No                                         Yes           Balloon               5
   290          No                                         Yes           Balloon               5
   311          No                                         Yes      Partial IO/Balloon         5
   319          No                                         Yes           Balloon               5
   323          No                                         Yes           Balloon               5
   329          No                                         Yes           Balloon               5
   342          No                                         Yes           Balloon               5
   343          No                                         Yes           Balloon               5
   345          No                                         Yes      Partial IO/Balloon         5
   353          No                                         Yes           Balloon               5
   358          No                                         Yes           Balloon               5


                                                   ORIGINAL    REMAINING       STATED          STATED
                                                   TERM TO      TERM TO       ORIGINAL        REMAINING
                             PERIODIC PAYMENT     MATURITY /   MATURITY /   AMORTIZATION    AMORTIZATION    DEFEASANCE
 LOAN     STATED MATURITY      ON FIRST DUE          ARD          ARD           TERM            TERM           LOAN
NUMBER         DATE         DATE AFTER CLOSING     (MONTHS)     (MONTHS)      (MONTHS)        (MONTHS)      (YES/NO)?
----------------------------------------------------------------------------------------------------------------------


    12       04/01/17       715,441.25 (Note 4)      121         121       Interest Only   Interest Only      Yes
    16       01/01/17               431,274.58       120         118            360             360           Yes
    29       04/01/17       183,244.44 (Note 4)      121         121            360             360           Yes
    30       01/01/17               180,359.72       120         118            360             360           Yes
    36       01/01/17               157,066.67       120         118            360             360       Yes (Note 3)
    42       10/01/16               141,994.64       120         115            360             360           Yes
-----------------------------------------------------------------------------------------------------------------------

    44       01/01/17                96,060.39       120         118            360             360           Yes
    45       01/01/17                33,347.39       120         118            360             360           Yes
-----------------------------------------------------------------------------------------------------------------------
    53       11/01/15               109,968.63       120         104            360             360            No
    55       01/01/17                97,796.39       120         118            360             360            No
    59       01/01/17               126,352.01       120         118            300             298           Yes
    72       01/01/17                95,830.03       120         118            360             358            No
    73       01/01/17                93,778.62       120         118            360             358            No
    77       01/01/17                72,815.56       120         118            360             360           Yes
    82       04/01/17        69,452.92 (Note 4)      121         121            360             360           Yes
    90       02/01/17                61,892.36       120         119            360             360           Yes
    96       02/01/17                67,549.48       120         119            360             359           Yes
   101       01/01/17                67,574.23       120         118            360             358            No
   103       12/01/16                62,733.13       120         117            360             357            No
   106       01/01/17                52,803.33       120         118            360             360           Yes
   122       01/01/17                55,232.71       120         118            360             358           Yes
   123       01/01/17                55,974.11       120         118            360             358            No
   125       11/01/16                45,892.92       120         116            360             360           Yes
   126       01/01/17                54,924.97       120         118            360             358            No
   133       03/01/17                54,133.26       120         120            360             360           Yes
   134       01/01/17                43,632.50       120         118            360             360            No
   137       12/01/16                44,073.82       120         117            360             360            No
   139       02/01/12                48,432.33       60          59             360             360           Yes
   141       01/01/17                48,743.13       120         118            360             358           Yes
   142       12/01/16                48,949.59       120         117            360             357            No
   150       01/01/17                47,967.76       120         118            360             358            No
   151       02/01/17                47,358.20       120         119            360             359            No
   158       01/01/17                38,448.48       120         118            360             360           Yes
-----------------------------------------------------------------------------------------------------------------------
   165       12/01/16                46,049.35       120         117            300             297           Yes
  165.1
  165.2
  165.3
-----------------------------------------------------------------------------------------------------------------------
   171       01/01/17                38,827.87       120         118            360             358           Yes
   181       02/01/17                30,149.44       120         119            360             360           Yes
   185       01/01/17                35,460.04       120         118            360             358            No
   191       10/01/16                31,193.75       120         115            360             360            No
   198       03/01/12                32,410.45       60          60             360             360           Yes
   201       09/01/16                28,429.58       120         114            360             360           Yes
   208       01/01/14                29,665.09       84          82             360             358            No
   213       11/01/16                32,521.40       120         116            300             296            No
   215       01/01/17                24,031.72       120         118            360             360           Yes
   224       01/01/17                26,990.66       120         118            360             358            No
   241       12/01/16                22,271.78       120         117            360             360           Yes
   243       02/01/17                24,851.33       120         119            360             359            No
   245       01/01/17                24,616.89       120         118            360             358            No
   247       02/01/17                26,016.82       120         119            300             299           Yes
   255       01/01/12                20,115.56       60          58             360             360           Yes
   261       01/01/17                19,530.86       120         118            360             360            No
   266       01/01/15                21,199.39       96          94             360             358            No
   268       01/01/17                21,100.19       120         118            360             358            No
   279       12/01/16                16,765.83       120         117            360             360           Yes
   282       11/01/16                16,781.33       120         116            300             300           Yes
   286       03/01/17                15,568.54       120         120            360             360           Yes
   288       01/01/17                18,187.26       120         118            360             358            No
   290       01/01/17                17,583.49       120         118            360             358            No
   311       12/01/16                13,539.64       120         117            360             360           Yes
   319       02/01/17                13,627.21       120         119            360             359            No
   323       02/01/17                14,594.80       120         119            300             299           Yes
   329       01/01/17                12,880.56       120         118            360             358            No
   342       01/01/17                11,722.33       120         118            360             358            No
   343       02/01/17                13,769.04       120         119            240             239           Yes
   345       01/01/17                 9,713.76       120         118            360             360            No
   353       02/01/17                10,456.14       120         119            360             359           Yes
   358       03/01/22                 9,965.43       180         180            360             360            No


                                                                                                                      ESCROWED
                                                                                            ESCROWED                 REPLACEMENT
                                                                                             ANNUAL      ESCROWED     RESERVES
 LOAN                                                      PROPERTY                        REAL ESTATE    ANNUAL       INITIAL
NUMBER         BORROWER'S INTEREST         PROPERTY SIZE   SIZE TYPE   LOCKBOX (YES/NO)?      TAXES      INSURANCE     DEPOSIT
------------------------------------------------------------------------------------------------------------------------------------

    12              Fee Simple                  283,889      SF             Yes              Yes           Yes                     0
    16              Fee Simple                  352,980      SF          Springing           Yes           Yes                     0
    29              Fee Simple                  196,062      SF              No              Yes           Yes                     0
    30              Fee Simple                  213,504      SF          Springing           Yes           Yes                     0
    36              Fee Simple                      416    Rooms             No              Yes           Yes             3,543,035
    42              Fee Simple                  251,168      SF          Springing           Yes           Yes                     0
------------------------------------------------------------------------------------------------------------------------------------

    44              Fee Simple                  217,831      SF              No              Yes           Yes                     0
    45              Fee Simple                   81,767      SF              No              Yes           Yes                     0
------------------------------------------------------------------------------------------------------------------------------------
    53              Fee Simple                      338    Units             No              Yes           Yes               400,000
    55              Leasehold                   117,627      SF              No              No            No                      0
    59              Fee Simple                      173    Rooms             No              Yes           No                      0
    72     Fee in Part, Leasehold in Part           119    Rooms             No              No            No                      0
    73     Fee in Part, Leasehold in Part           158    Rooms             No              Yes           No                      0
    77              Fee Simple                  116,556      SF              No              Yes           Yes               400,000
    82              Fee Simple                   29,754      SF          Springing           Yes           Yes                     0
    90              Fee Simple                   60,500      SF             Yes              Yes           Yes                     0
    96              Fee Simple                   86,577      SF          Springing           Yes           Yes                     0
   101              Fee Simple                       85    Rooms             No              Yes           Yes                     0
   103              Fee Simple                   67,389      SF              No              No            No                      0
   106              Fee Simple                   78,375      SF              No              Yes           Yes               200,000
   122              Fee Simple                      162      SF              No              No            Yes                     0
   123     Fee in Part, Leasehold in Part            93    Rooms             No              No            No                      0
   125              Fee Simple                  105,064      SF              No              Yes           No                260,000
   126              Fee Simple                      120    Rooms             No              No            No                      0
   133              Fee Simple                  223,073      SF          Springing           Yes           Yes                     0
   134              Fee Simple                   57,338      SF              No              Yes           No                      0
                                                                                                                       in Immediate
   137              Fee Simple                      288    Units             No              Yes           Yes        Rep at Closing
   139              Fee Simple                   32,000      SF             Yes              Yes           Yes
   141              Fee Simple                  204,605      SF          Springing           No            No                      0
   142              Fee Simple                   50,280      SF              No              Yes           No                      0
   150              Fee Simple                  126,095      SF              No              No            No                      0
   151              Fee Simple                   91,944      SF              No              No            No                      0
   158              Fee Simple                   41,480      SF              No              Yes           Yes                     0
------------------------------------------------------------------------------------------------------------------------------------
   165              Fee Simple                  165,860      SF              No              Yes           Yes                     0
  165.1             Fee Simple                   46,050      SF
  165.2             Fee Simple                   45,025      SF
  165.3             Fee Simple                   74,785      SF
------------------------------------------------------------------------------------------------------------------------------------
   171              Fee Simple                      112    Units             No              Yes           Yes                     0
   181              Fee Simple                   74,772      SF          Springing           Yes           Yes                     0
   185              Fee Simple                   44,019      SF              No              No            No                      0
   191              Fee Simple                      105    Units             No              Yes           Yes                31,500
   198              Fee Simple                      256    Units             No              Yes           Yes                     0
   201              Fee Simple                   28,920      SF             Yes              Yes           Yes                     0
   208              Fee Simple                       83    Rooms             No              Yes           Yes                     0
   213              Fee Simple                      136    Rooms             No              Yes           Yes                     0
   215              Fee Simple                   46,799      SF              No              Yes           Yes               132,475
   224              Fee Simple                   12,711      SF          Springing           No            No                      0
   241              Fee Simple                   47,610      SF              No              Yes           Yes                     0
   243              Fee Simple                   54,142      SF              No              No            No                      0
   245     Fee in Part, Leasehold in Part        12,711      SF              No              No            No                      0
   247              Fee Simple                   93,723    Units             No              Yes           Yes                     0
   255              Fee Simple                   19,200      SF             Yes              No            No                      0
   261              Fee Simple                   21,900      SF             Yes              Yes           Yes                     0
   266              Leasehold                    86,479      SF              No              No            No                      0
   268              Fee Simple                  115,492      SF          Springing           No            No                      0
   279              Fee Simple                   43,304      SF             Yes              No            Yes                     0
   282              Fee Simple                  178,854      SF             Yes              No            No                      0
   286              Fee Simple                   18,820      SF              No              Yes           Yes                     0
   288              Fee Simple                   20,087      SF             Yes              Yes           Yes                     0
   290              Fee Simple                   10,890      SF              No              No            No                      0
   311              Fee Simple                   11,667      SF             Yes              Yes           Yes                     0
   319              Fee Simple                   28,755      SF              No              No            No                      0
   323              Fee Simple                  101,546    Units             No              Yes           Yes                     0
   329              Fee Simple                   11,232      SF              No              No            No                      0
   342              Fee Simple                   26,747      SF              No              No            No                      0
   343              Fee Simple                   16,000      SF              No              Yes           Yes                     0
   345              Fee Simple                    4,750      SF          Springing           Yes           No                      0
   353              Fee Simple                    6,406      SF              No              Yes           Yes                     0
   358              Fee Simple                       90    Units             No              Yes           Yes                     0


              ESCROWED                                               INITIAL
            REPLACEMENT       ESCROWED TI/LC     ESCROWED TI/LC     DEFERRED        INITIAL
 LOAN     RESERVES CURRENT   RESERVES INITIAL   RESERVES CURRENT   MAINTENANCE   ENVIRONMENTAL
NUMBER     ANNUAL DEPOSIT        DEPOSIT         ANNUAL DEPOSIT      DEPOSIT        DEPOSIT      HOLDBACK AMOUNT        LOC
--------------------------------------------------------------------------------------------------------------------------------

    12         57,446            7,200,000                0               0        4,000
    16         50,739           25,000,000          100,000               0            0
    29         29,537            1,067,225           50,000               0            0
    30         42,701                    0          250,000               0            0
    36        369,248                  NAP              NAP               0            0
    42         50,234            4,064,831                0               0            0
--------------------------------------------------------------------------------------------------------------------------------

    44         21,783                    0                0               0       10,000
    45          8,177                    0                0               0            0
--------------------------------------------------------------------------------------------------------------------------------
    53         84,504                  NAP              NAP         400,000            0
    55         17,644                    0                0               0            0
    59              0                  NAP              NAP               0            0
    72        132,955                  NAP              NAP               0            0
    73        159,841                  NAP              NAP               0            0
    77         17,432              900,000           50,000               0            0
    82          4,456                    0           50,000               0            0
    90         12,100                    0                0               0            0
    96         13,017                    0           30,000               0            0
   101        140,391                  NAP              NAP          67,834            0
   103              0                    0                0               0            0
   106         11,813                  NAP              NAP               0            0
   122         40,500                  NAP              NAP               0            0
   123         80,129                  NAP              NAP               0            0
   125         15,557              100,000           50,000               0            0
   126         79,222                  NAP              NAP               0            0
   133         40,834                    0           15,000               0            0
   134         11,468               51,000           30,000               0            0
   137         72,000                  NAP              NAP         130,686            0
   139          6,400                    0           38,030               0
   141         32,901                    0                0               0            0
   142          7,542                    0           25,000               0            0
   150         21,233                    0           50,000               0            0
   151         27,650                    0           15,000               0          500
   158          8,296              326,525           30,000               0            0
--------------------------------------------------------------------------------------------------------------------------------
   165         24,879                  NAP              NAP               0            0
  165.1                                                                                0
  165.2                                                                                0
  165.3                                                                                0
--------------------------------------------------------------------------------------------------------------------------------
   171         28,000                  NAP              NAP               0            0
   181         25,720                    0                0               0            0
   185          6,600                    0           20,000               0            0
   191         31,500                  NAP              NAP               0            0
   198         76,800                  NAP              NAP          54,687            0
   201          4,338                    0           36,000          34,375            0
   208         74,496                  NAP              NAP               0            0
   213         67,392                  NAP              NAP          20,000            0
   215              0              100,000           25,000               0       51,000
   224              0                    0                0               0            0
   241          6,731                  NAP              NAP               0            0
   243         11,741                    0                0               0            0
   245              0                    0                0               0        7,500
   247         14,690                  NAP              NAP               0            0
   255              0                    0                0               0            0
   261          3,285                    0                0               0            0
   266              0                    0                0               0            0
   268              0                    0                0               0          750
   279          8,748                    0           30,000               0            0
   282              0                    0           17,000               0        8,000
   286          3,764                    0           12,000               0            0
   288          3,418                    0           25,000               0            0
   290              0                    0                0               0            0
   311          2,333                    0                0               0            0
   319          4,872                    0           15,000               0            0
   323         15,239                  NAP            2,500               0            0
   329              0                    0                0               0            0
   342              0                    0           20,000          80,000            0
   343              0                    0                0               0            0
   345            950                    0                0               0            0
   353          2,500                    0            5,000               0            0
   358         22,500                  NAP              NAP               0            0


 LOAN           ENVIRONMENTAL
NUMBER        INSURANCE POLICY
------------------------------

    12
    16
    29
    30
    36
    42
------------------------------

    44
    45
------------------------------
    53
    55
    59
    72
    73
    77
    82
    90
    96
   101
   103
   106
   122
   123
   125
   126
   133
   134
   137
   139
   141
   142
   150
   151
   158
------------------------------
   165
  165.1
  165.2
  165.3
------------------------------
   171
   181
   185
   191
   198
   201
   208
   213
   215
   224
   241
   243
   245
   247
   255
   261
   266
   268
   279
   282
   286
   288
   290
   311
   319
   323
   329
   342
   343
   345
   353          Yes
   358