Kentucky Granter Trust Agreement is a legal document that establishes a trust relationship between Credit Suisse First Boston Mortgage Securities Corp., Washington Mutual Bank FA, and Bank One, National Assoc. It outlines the terms and conditions under which the trust is established, managed, and distributed. This agreement serves as a mechanism for the transfer of mortgage-backed securities from the granter, Credit Suisse First Boston Mortgage Securities Corp., to the trustee banks, Washington Mutual Bank FA and Bank One, National Assoc. It allows the trustee banks to hold legal title to the mortgage assets on behalf of the trust beneficiaries. The Kentucky Granter Trust Agreement provides a framework for the management of the trust assets and the distribution of income derived from the mortgage securities. It also outlines the rights and responsibilities of the granter and the trustee banks. There may be several types of Kentucky Granter Trust Agreements between the mentioned parties. These may include: 1. Kentucky Granter Trust Agreement for residential mortgage-backed securities: This type of agreement specifically deals with residential mortgage assets, such as mortgages on single-family homes or condominiums. 2. Kentucky Granter Trust Agreement for commercial mortgage-backed securities: This agreement focuses on commercial mortgages, which are tied to income-generating properties such as office buildings, retail spaces, or industrial facilities. 3. Kentucky Granter Trust Agreement for hybrid mortgage-backed securities: This type of agreement combines elements of both residential and commercial mortgages, allowing for a diversified portfolio within the trust structure. 4. Kentucky Granter Trust Agreement for adjustable-rate mortgage-backed securities: This agreement pertains to mortgage-backed securities with adjustable interest rates, where the interest rate may change at periodic intervals during the loan term. Each type of trust agreement may have specific provisions tailored to the nature of the underlying mortgage assets and the desired investment objectives. In summary, the Kentucky Granter Trust Agreement between Credit Suisse First Boston Mortgage Securities Corp., Washington Mutual Bank FA, and Bank One, National Assoc. Serves as the legal foundation for the establishment and operation of a trust arrangement involving mortgage-backed securities. It outlines the roles and responsibilities of the granter and the trustee banks, as well as the specific terms applicable to the type of mortgage assets involved in the trust.