CSSA-Commercial Real Estate and Secondary Market Securitization Association

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FAQ on Defeasance Transactions

Attached are the following defeasance forms:

1. Defeasance Pledge and Security Agreement

2. Defeasance Account Agreement

3. Defeasance Assignment, Assumption and Release Agreement

4. Waiver and Consent

5. Form of First Priority Perfected Security Interest Opinion

6. Checklist

7. Form of REMIC Opinion

8. Accountant Report

9. Securities Confirmation Certificate