Common use of Foreclosure Property Clause in Contracts

Foreclosure Property. Seller is not selling any Mortgage Loan as part of a plan to transfer the underlying Mortgaged Property to Purchaser, and Seller does not know or, to Seller's knowledge, have reason to know that any Mortgage Loan will default. The representations in this paragraph 43 are being made solely for the purpose of determining whether the Mortgaged Property, if acquired by the Trust, would qualify as "foreclosure property" within the meaning of Section 860G(a)(8) of the Code, and may not be relied upon or used for any other purpose. Such representations shall not be construed as a guarantee to any degree that defaults or losses will not occur. Schedule A Exceptions to Representations and Warranties Principal Commercial Funding, LLC Schedule B Schedule C List of Mortgage Loans Subject to Secured Creditor Impaired Property Policies EXHIBIT 3 PRICING FORMULATION Principal: _________________ EXHIBIT 4 BILL OF SALE 1. Parties. The parties to this Bill of Sale are the foll▇▇▇▇g: Seller: Principa▇ ▇▇mmercial Funding, LLC Purchaser: Bear Stearns Commercial Mortgage Securities Inc.

Foreclosure Property. Seller is not selling any Mortgage Loan as part of a plan to transfer the underlying Mortgaged Property to Purchaser, and Seller does not know or, to Seller's knowledge, have reason to know that any Mortgage Loan will default. The representations in this paragraph 43 are being made solely for the purpose of determining whether the Mortgaged Property, if acquired by the Trust, would qualify as "foreclosure property" within the meaning of Section 860G(a)(8) of the Code, and may not be relied upon or used for any other purpose. Such representations shall not be construed as a guarantee to any degree that defaults or losses will not occur. Schedule A Exceptions to Representations and Warranties Principal Commercial Funding, LLC Wells Fargo Loans Schedule B ▇ist of Mortgagors that are Third-Party Beneficiaries Under Section 5.2 Schedule C List of Mortgage Loans Subject to Secured Creditor Impaired Property Policies EXHIBIT 3 PRICING FORMULATION PrincipalWells Fargo: _________________ -------------- 3-1 EXHIBIT 4 BILL OF SALE 1. Parties. The parties to this Bill of Sale are the follfo▇▇▇▇ging: Seller: Principa▇ ▇▇mmercial FundingWells Fargo Bank, LLC National Association Purchaser: Bear Stearns Commercial Mortgage Securities Inc.

Foreclosure Property. Seller is not selling any Mortgage Loan as part of a plan to transfer the underlying Mortgaged Property to Purchaser, and Seller does not know or, to Seller's knowledge, have reason to know that any Mortgage Loan will default. The representations in this paragraph 43 are being made solely for the purpose of determining whether the Mortgaged Property, if acquired by the Trust, would qualify as "foreclosure property" within the meaning of Section 860G(a)(8) of the Code, and may not be relied upon or used for any other purpose. Such representations shall not be construed as a guarantee to any degree that defaults or losses will not occur. Schedule A Exceptions to Representations and Warranties Principal Commercial FundingFunding II, LLC Schedule B List of Mortgagors that are Third-Party Beneficiaries Under Section 5.5 Schedule C List of Mortgage Loans Subject to Secured Creditor Impaired Property Policies EXHIBIT 3 PRICING FORMULATION Principal: _________________ FORMULATION 3-1 EXHIBIT 4 BILL OF SALE 1. Parties. The parties to this Bill of Sale are the follf▇▇▇▇gwing: Seller: Principa▇ Pri▇▇mmercial Funding▇▇al Commercial Funding II, LLC Purchaser: Bear Stearns Commercial Mortgage Securities Inc.