The Pennsylvania Granter Trust Agreement between Credit Suisse First Boston Mortgage Securities Corp., Washington Mutual Bank FA, and Bank One, National Assoc. Is a legal document that establishes and governs a trust arrangement between these parties in the state of Pennsylvania. The agreement outlines the specific rights, responsibilities, and obligations of each party involved. This type of trust agreement is commonly used in financial transactions, particularly in the mortgage-backed securities industry. It serves as a way to transfer mortgage loans from the originator (Washington Mutual Bank FA and Bank One, National Assoc.) to the trustee (Credit Suisse First Boston Mortgage Securities Corp.) for securitization purposes. By forming a granter trust, the mortgage loans held by the originators can be pooled together and sold as mortgage-backed securities to investors. The trust agreement ensures that the transfer of these loans is legally compliant and effectively enables the pooling and securitization process. The Pennsylvania Granter Trust Agreement typically includes provisions regarding loan documentation, administrative duties, distribution of payments, indemnification, events of default, and dispute resolution. It also sets forth the guidelines for reporting and accounting procedures that must be followed by the parties involved. There may be variations of the Pennsylvania Granter Trust Agreement, depending on the specific terms and conditions agreed upon by the parties. These variations can include different types of mortgages, maturities, interest rates, or payment structures. For example, there could be separate agreements for residential mortgage loans, commercial mortgage loans, or different series of mortgage-backed securities issued by the trust. Overall, the Pennsylvania Granter Trust Agreement is a vital legal instrument that establishes a framework for the transfer and securitization of mortgage loans between the originators and the trustee. It ensures compliance with applicable regulations and provides clarity on the rights and obligations of each party involved in this financial arrangement.