SEC Contract Filing

Filing Date: 2019-07-31

Document Content:
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<TYPE>EX-10.1
<SEQUENCE>2
<FILENAME>a2q1910qex101.htm
<DESCRIPTION>EXHIBIT 10.1
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<div><a name="s0d3bb485007e43fda8238398b024c567"></a></div><div></div><div><br></div><div style="line-height:120%;text-align:center;text-indent:240px;font-size:18pt;"><font style="font-family:HelveticaNeueLT W1G 55 Roman,sans-serif;font-size:18pt;font-weight:bold;">&#32;&#32;&#32;&#32;&#32;Freddie Mac </font><font style="font-family:HelveticaNeueLT W1G 55 Roman,sans-serif;font-size:11pt;font-weight:bold;">Exhibit 10.1</font></div><div style="line-height:120%;text-align:center;font-size:10pt;"><font style="font-family:HelveticaNeueLT W1G 55 Roman,sans-serif;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:center;font-size:11pt;"><font style="font-family:HelveticaNeueLT W1G 55 Roman,sans-serif;font-size:11pt;font-weight:bold;">PC MASTER TRUST AGREEMENT</font></div><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:HelveticaNeueLT W1G 55 Roman,sans-serif;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:justify;text-indent:29px;font-size:9pt;"><font style="font-family:HelveticaNeueLT W1G 55 Roman,sans-serif;font-size:9pt;font-weight:bold;">THIS PC MASTER TRUST AGREEMENT</font><font style="font-family:HelveticaNeueLT W1G 55 Roman,sans-serif;font-size:9pt;">&#32;is entered into as of May 16, 2019, by and among Freddie Mac in its corporate capacity as Depositor, Administrator and Guarantor, Freddie Mac in its capacity as Trustee, and the Holders of the PCs offered from time to time pursuant to Freddie Mac&#8217;s Offering Circular referred to herein.</font></div><div style="line-height:120%;text-align:justify;font-size:9pt;"><font style="font-family:HelveticaNeueLT W1G 55 Roman,sans-serif;font-size:9pt;"><br></font></div><div style="line-height:120%;text-align:center;font-size:9pt;"><font style="font-family:HelveticaNeueLT W1G 55 Roman,sans-serif;font-size:9pt;font-weight:bold;">WHEREAS:</font></div><div style="line-height:120%;text-align:center;text-indent:29px;font-size:9pt;"><font style="font-family:HelveticaNeueLT W1G 55 Roman,sans-serif;font-size:9pt;"><br></font></div><div style="line-height:120%;text-align:justify;text-indent:29px;font-size:9pt;"><font style="font-family:HelveticaNeueLT W1G 55 Roman,sans-serif;font-size:9pt;">(a) Freddie Mac is a corporation duly organized and existing under and by virtue of the Freddie Mac Act and has full corporate power and authority to enter into this Agreement and to undertake the obligations undertaken by it herein; and</font></div><div style="line-height:120%;text-align:justify;font-size:9pt;"><font style="font-family:HelveticaNeueLT W1G 55 Roman,sans-serif;font-size:9pt;"><br></font></div><div style="line-height:120%;text-align:justify;text-indent:29px;font-size:9pt;"><font style="font-family:HelveticaNeueLT W1G 55 Roman,sans-serif;font-size:9pt;">(b) Freddie Mac may from time to time (i) purchase Mortgages, in accordance with the applicable provisions of the Freddie Mac Act, (ii) as Depositor, transfer and deposit such Mortgages into various trust funds that are established pursuant to this Agreement and that are referred to herein as &#8220;PC Pools,&#8221; (iii) as Administrator, on behalf of the Trustee, create and issue hereunder, on behalf of the related PC Pool, PCs representing undivided beneficial ownership interests in the assets of that PC Pool, (iv) as Trustee, act as trustee for each such PC Pool, (v) as Guarantor, guarantee the payment of interest and principal for the benefit of the Holders of such PCs and (vi) as Administrator, administer the affairs of each such PC Pool.</font></div><div style="line-height:120%;text-align:justify;font-size:9pt;"><font style="font-family:HelveticaNeueLT W1G 55 Roman,sans-serif;font-size:9pt;"><br></font></div><div style="line-height:120%;text-align:justify;text-indent:29px;font-size:9pt;"><font style="font-family:HelveticaNeueLT W1G 55 Roman,sans-serif;font-size:9pt;font-weight:bold;">NOW, THEREFORE</font><font style="font-family:HelveticaNeueLT W1G 55 Roman,sans-serif;font-size:9pt;">, in consideration of the premises and mutual covenants contained in this Agreement, the parties to this Agreement, do hereby declare and establish this Agreement and do hereby undertake and otherwise agree as follows with respect to the transfer of the Mortgages to various PC Pools, the issuance of the PCs and the establishment of the rights and obligations of the parties.</font></div><div style="line-height:120%;text-align:left;font-size:9pt;"><font style="font-family:HelveticaNeueLT W1G 55 Roman,sans-serif;font-size:9pt;"><br></font></div><div style="line-height:120%;text-align:center;font-size:9pt;"><font style="font-family:HelveticaNeueLT W1G 55 Roman,sans-serif;font-size:9pt;font-weight:bold;">Definitions</font></div><div style="line-height:120%;text-align:left;font-size:9pt;"><font style="font-family:HelveticaNeueLT W1G 55 Roman,sans-serif;font-size:9pt;"><br></font></div><div style="line-height:120%;text-align:justify;text-indent:29px;font-size:9pt;"><font style="font-family:HelveticaNeueLT W1G 55 Roman,sans-serif;font-size:9pt;">The following terms used in this Agreement have the respective meanings set forth below.</font></div><div style="line-height:120%;text-align:justify;font-size:9pt;"><font style="font-family:HelveticaNeueLT W1G 55 Roman,sans-serif;font-size:9pt;"><br></font></div><div style="line-height:120%;text-align:justify;text-indent:29px;font-size:9pt;"><font style="font-family:HelveticaNeueLT W1G 55 Roman,sans-serif;font-size:9pt;font-style:italic;">Accrual Period: </font><font style="font-family:HelveticaNeueLT W1G 55 Roman,sans-seri