Management's Assertion

Report on Assessment of Compliance with Applicable Servicing

U.S. Bank National Association ("U.S. Bank") is responsible for assessing compliance as of and

for the year ended December 31, 2014 with the servicing criteria set forth in Item 1122 (d) of

Regulation AB applicable to it as set forth on Exhibit A hereto. This report covers asset backed

securities transactions within the U.S. Bank Corporate Trust Asset-Backed Securities

Platform

1

(the "Platform")

U.S. Bank hereby provides the following report on its assessment of compliance with the

servicing criteria set forth in Item 1122 of Regulation AB applicable to it and as described on

Exhibit A hereto:

1.

U.S. Bank is responsible for assessing its compliance with the servicing criteria

applicable to it as noted on the accompanying Exhibit A;

2.

Except as set forth in paragraph 3 below, U.S. Bank used the criteria set forth in

paragraph (d) of Item 1122 of Regulation AB to assess its compliance with the applicable

servicing criteria;

3.

The criteria listed in the column titled "Inapplicable Servicing Criteria" on Exhibit A

hereto are inapplicable to U.S. Bank based on the servicing activities it performs directly

with respect to the Platform;

4.

U.S. Bank has complied, in all material respects, with the applicable servicing criteria as

of and for the year ended December 31, 2014; and

5. Ernst & Young, LLP, a registered public accounting firm, has issued an attestation report

on U.S. Bank's assessment of compliance with the applicable servicing criteria as of and

for the year ended December 31, 2014.

U.S. BANK NATIONAL ASSOCIATION

/s/ Bryan R. Calder

Name: Bryan R. Calder

Title: Executive Vice President

Date: February 27, 2015

1

The U.S. Bank Corporate Trust Asset-Backed Securities Platform (the "Platform") consists of the

activities involved in the performance of servicing functions for which the Company provides trustee,

securities administration, registrar or paying agent services for (i) publicly issued asset-backed and

mortgage backed transactions the securities of which were offered on or after January 1, 2006 and (ii)

certain asset backed transactions for which the Issuer has voluntarily elected to make Regulation AB

compliant filings under the Securities Exchange Act of 1934, as amended.

Corporate Trust ABS Platform (A)

1

EXHIBIT A to Management's Assertion

Reference

Servicing Criteria

Applicable

Servicing

Criteria

Inapplicable

Servicing

Criteria

General Servicing Considerations

1122(d)(1)(i)

Policies and procedures are instituted to monitor any performance or other triggers

and events of default in accordance with the transaction agreements.

X

1122(d)(1)(ii)

If any material servicing activities are outsourced to third parties, policies and

procedures are instituted to monitor the third party's performance and compliance

with such servicing activities.

X

1122(d)(1)(iii)

Any requirements in the transaction agreements to maintain a back-up servicer for

the Pool Assets are maintained.

X

1122(d)(1)(iv)

A fidelity bond and errors and omissions policy is in effect on the party

participating in the servicing function throughout the reporting period in the amount

of coverage required by and otherwise in accordance with the terms of the

transaction agreements.

X

Cash Collection and Administration

1122(d)(2)(i)

Payments on pool assets are deposited into the appropriate custodial bank accounts

and related bank clearing accounts no more than two business days following

receipt, or such other number of days specified in the transaction agreements.

X

1122(d)(2)(ii)

Disbursements made via wire transfer on behalf of an obligor or to an investor are

made only by authorized personnel.

X

1122(d)(2)(iii)

Advances of funds or guarantees regarding collections, cash flows or distributions,

and any interest or other fees charged for such advances, are made, reviewed and

approved as specified in the transaction agreements.

X

1122(d)(2)(iv)

The related accounts for the transaction, such as cash reserve accounts or accounts

established as a form of over collateralization, are separately maintained (e.g., with

respect to commingling of cash) as set forth in the transaction agreements.

X

1122(d)(2)(v)

Each custodial account is maintained at a federally insured depository institution as

set forth in the transaction agreements. For purposes of this criterion, "federally

insured depository institution" with respect to a foreign financial institution means a

foreign financial institution that meets the requirements of Rule 13k-1(b)(1) of the

Securities Exchange Act.

X

1122(d)(2)(vi)

Unissued checks are safeguarded so as to prevent unauthorized access.

X

1122(d)(2)(vii)

Reconciliations are prepared on a monthly basis for all asset-backed securities

related bank accounts, including custodial accounts and related bank clearing

accounts. These reconciliations are (A) mathematically accurate; (B) prepared

within 30 calendar days after the bank statement cutoff date, or such other number

of days specified in the transaction agreements; (C) reviewed and approved by

someone other than the person who prepared the reconciliation; and (D) contain

explanations for reconciling items. These reconciling items are resolved within 90

calendar days of their original identification, or such other number of days specified

in the transaction agreements.

X

Corporate Trust ABS Platform (A)

2

Reference

Servicing Criteria

Applicable

Servicing

Criteria

Inapplicable

Servicing

Criteria

Investor Remittances and Reporting

1122(d)(3)(i)

Reports to investors, including those to be filed with the Commission, are

maintained in accordance with the transaction agreements and applicable

Commission requirements. Specifically, such reports (A) are prepared in accordance

with timeframes and other terms set forth in the transaction agreements; (B) provide

information calculated in accordance with the terms specified in the transaction

agreements; (C) are filed with the Commission as required by its rules and

regulations; and (D) agree with investors' or the trustee's records as to the total

unpaid principal balance and number of Pool Assets serviced by the Servicer.

X

1122(d)(3)(ii)

Amounts due to investors are allocated and remitted in accordance with timeframes,

distribution priority and other terms set forth in the transaction agreements.

X

1122(d)(3)(iii)

Disbursements made to an investor are posted within two business days to the

Servicer's investor records, or such other number of days specified in the

transaction agreements.

X

1122(d)(3)(iv)

Amounts remitted to investors per the investor reports agree with cancelled checks,

or other form of payment, or custodial bank statements.

X

Pool Asset Administration

1122(d)(4)(i)

Collateral or security on pool assets is maintained as required by the transaction

agreements or related pool asset documents.

X

1122(d)(4)(ii)

Pool assets and related documents are safeguarded as required by the transaction

agreements.

X

1122(d)(4)(iii)

Any additions, removals or substitutions to the asset pool are made, reviewed and

approved in accordance with any conditions or requirements in the transaction

agreements.

X

1122(d)(4)(iv)

Payments on pool assets, including any payoffs, made in accordance with the

related pool asset documents are posted to the Servicer's obligor records maintained

no more than two business days after receipt, or such other number of days

specified in the transaction agreements, and allocated to principal, interest or other

items (e.g., escrow) in accordance with the related pool asset documents.

X

1122(d)(4)(v)

The Servicer's records regarding the pool assets agree with the Servicer's records

with respect to an obligor's unpaid principal balance.

X

1122(d)(4)(vi)

Changes with respect to the terms or status of an obligor's pool assets (e.g., loan

modifications or re-agings) are made, reviewed and approved by authorized

personnel in accordance with the transaction agreements and related pool asset

documents.

X

1122(d)(4)(vii)

Loss mitigation or recovery actions (e.g., forbearance plans, modifications and

deeds in lieu of foreclosure, foreclosures and repossessions, as applicable) are

initiated, conducted and concluded in accordance with the timeframes or other

requirements established by the transaction agreements.

X

Corporate Trust ABS Platform (A)

3

Reference

Servicing Criteria

Applicable

Servicing

Criteria

Inapplicable

Servicing

Criteria

1122(d)(4)(viii)

Records documenting collection efforts are maintained during the period a pool

asset is delinquent in accordance with the transaction agreements. Such records are

maintained on at least a monthly basis, or such other period specified in the

transaction agreements, and describe the entity's activities in monitoring delinquent

pool assets including, for example, phone calls, letters and payment rescheduling

plans in cases where delinquency is deemed temporary (e.g., illness or

unemployment).

X

1122(d)(4)(ix)

Adjustments to interest rates or rates of return for pool assets with variable rates are

computed based on the related pool asset documents.

X

1122(d)(4)(x)

Regarding any funds held in trust for an obligor (such as escrow accounts): (A) such

funds are analyzed, in accordance with the obligor's pool asset documents, on at

least an annual basis, or such other period specified in the transaction agreements;

(B) interest on such funds is paid, or credited, to obligors in accordance with

applicable pool asset documents and state laws; and (C) such funds are returned to

the obligor within 30 calendar days of full repayment of the related pool assets, or

such other number of days specified in the transaction agreements.

X

1122(d)(4)(xi)

Payments made on behalf of an obligor (such as tax or insurance payments) are

made on or before the related penalty or expiration dates, as indicated on the

appropriate bills or notices for such payments, provided that such support has been

received by the servicer at least 30 calendar days prior to these dates, or such other

number of days specified in the transaction agreements.

X

1122(d)(4)(xii)

Any late payment penalties in connection with any payment to be made on behalf of

an obligor are paid from the Servicer's funds and not charged to the obligor, unless

the late payment was due to the obligor's error or omission.

X

1122(d)(4)(xiii)

Disbursements made on behalf of an obligor are posted within two business days to

the obligor's records maintained by the servicer, or such other number of days

specified in the transaction agreements.

X

1122(d)(4)(xiv)

Delinquencies, charge-offs and uncollectible accounts are recognized and recorded

in accordance with the transaction agreements.

X

1122(d)(4)(xv)

Any external enhancement or other support, identified in Item 1114(a)(1) through

(3) or Item 1115 of Regulation AB, is maintained as set forth in the transaction

agreements.

X