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<br />20, Nothing herein contained shall be so construed Or operate as to require Grantors to pay interest on the Note or Notes, or any other lia-
<br />bility or debt now existing or herafter to exist hereunder at a rate greater than that allowed by the Laws of the State of Texas, and If any pro-
<br />visions herein contained do, or would, presently or prospectively, operate to make this Deed of Trust or any pan thereof void, voidable or In-
<br />effective, then such provisions only shall be held for naught and as though not herein corltalned and shall be without effect upon or prejudice
<br />to the remaining provisions, which shall nevenheless remain operative, Any of said contracts for Interest shall be held subject to reduction to
<br />the highest amount allowed under the Usury Laws of the State of Texas as now or hereafter construed by couns having Jurisdiction,
<br />
<br />21, In the event of the passage after the date of this Instrument of any law, which deducts any lien on the Mongaged Premises from the
<br />value of the Mongaged Premises for the purposes of taxation of deeds of trust or debts secured thereby, for state or local purposes, or which
<br />law changes the manner of collection of any such taxes so as to affect the Interest of the Noteholder, the whole sum secured by this Instrument
<br />with interest thereon, at the opti~n of the Noteholder, shall Immediately become due, payable and collectible without notice to any party.
<br />
<br />22, If the lien of this Oeed of Trust Is Invalid or unenforceable as to any part of the debt, or If the lien Is invalid or unenforceable es to any
<br />pan of the Mortgaged Premises, the unsecured or partially secured portion of the debt shall be completely paid prior to the payment of the re-
<br />maining and secured or panially secured ponlon of the debt, and all payments made on the debt, whether voluntary or under foreclosure or
<br />other enforcement action or procedure, shall be considered to have been first paid on and applied to the full payment of that portion of the
<br />debt which is not secured or fully secured by the lien of this Deed of Trust,
<br />
<br />23, Whenever used the singular number shall Include the plural, the plural the singular, the use of any gender shall Include all genders, The
<br />words "Grantors" and "Noteholder" shall Include their heirs, executors, administrators, successors and assigns and the word "Trustee" shall In-
<br />cl ude his successors and substitute trustees,
<br />
<br />24, Noteholder shall have the right to become the purchaser at all sales to enforce this trust, being the highest bidder, and to have the a.
<br />mount for which such propeny is sold credited on the debt then owing,
<br />
<br />25, Grantors will pay all reasonable attorney's fees and expenses which may be incurred by the Noteholder or Trustee, in enforcing the
<br />terms of, the Note and this Deed of Trust, or In eny suit to which the Noteholder or Trustee may become a pany where the Deed of Trust or
<br />the Mongaged Premises are In any manner involved and all expenses Incurred In presenting a claim against the estate of a decedent or a bank-
<br />rupt and will also pay any attorney's fees and expenses reasonably incurred In connection with the assignment to Noteholder of any leases
<br />subsequently entered Into by Grantors which by the terms hereof are required to be assigned to Noteholder as additional collateral to secure
<br />payment of the Indebtedness herein secured as well as any and ell such fees and expenses reasonably Incurred prior to full and final payment
<br />of such Indebtedness relating to future advances, transfer of title to the premises and similar matters not otherwise provided for herein,
<br />
<br />26, With respect to any personal proparty herein described this Deed of Trust shall constitute a Security Agreement between Grantors and
<br />Noteholder, and, cumulative of all other rights of Noteholder hereunder, Noteholder shall have all of the rights conferred upon secured panies
<br />by the Uniform Commercial Code, as amended, as to this propeny, Thls,Deed of Trust, as a Financing Statement, covers the following types of
<br />propeny: Minerals, crops and goOds that are, or are to become, fixtures as more fully described herein, and releted to the real estate described
<br />herein, end it Is intended that as to those goods and the proceeds thereof, this Deed of Trust shall be effective as a Financing Statement flied
<br />as a minerai, crop and fixture filing from the date of its filing for record in the Real Estate Records of the County In which the lanells located,
<br />Information concerning the security Interest created by this Instrument may be obtained from the holder of the Indebtedness and secured par-
<br />ty at the Post Office address as shown In Paragraph numbered 1 of this Deed of Trust, Until the lien of this Deed of Trust Is released or satis-
<br />fied of record, Grantors agree, if requested by Noteholder so to do, to execute one or more Financing Stetements covering such personal prop-
<br />eny, In the manner end form required by law and to the satisfaction of Noteholder, Grantors agree to pay Noteholder's charge, to the maxi-
<br />mum amount permitted by law, for any statement by Noteholder regarding the Obligations secured by this Deed of Trust, requested by Grant-
<br />ors or on behalf of Grantors, On demand, Grantors will promptly pay all costs and expenses of filing Financing Statements, continuation
<br />statements, panlal releases and termination statements deemed necessary or appropriate by Noteholder to establish and maintain the validi.
<br />ty and priority of the security Interest of Noteholder or any modification thereof, and all costs and expenses of any searches reasonably re-
<br />quired by Noteholder, Noteholder may exercise any or all of the remedies of a secured pany available to it under the Uniform Commercial
<br />Code, as amended, with respect to such personal property, and It Is expressly agreed that If upon default Noteholder should proceed to dispose
<br />of the collateral In accordance with the provisions of the Uniform Commercial Code, as amended, ten (101 days notice by Noteholder to
<br />Grantors shall be deemed to be reasonable notice under any provision of the Uniform Commercial Code, as amended, requiring such notice;
<br />provided, however, that Noteholder may at its option dispose of the collateral In accordance with Noteholder's rights and remedies in respect
<br />of the real property pursuant to the provisions of this Deed of Trust, in lieu of proceeding under the Uniform Commercial Code, as amended.
<br />
<br />27, Grantors, upon execution and delivery of this Deed of Trust and the Note hereby secured, were Informed that Paragraph 13 hereof
<br />grants a power of sale and provides for summary foreclosure procedure at the election of the Noteholder In event of default, As a condition
<br />precedent to obtaining the loan represented by the Note hereby secured, Grantors specifically waive the right to procedural due process, I,e,
<br />notice and opportunity to be heard in a JUdicial proceeding In a coun having jurisdiction of the panies and the subject matter prior to com-
<br />mencement of such proceedings under the power of sale herein granted,
<br />
<br />28, In the event Grantors, or any owner of the Mortgaged Premises, without first obtaining approval of Noteholder (which approval shall not
<br />be unreasonably wlthheldl, should sell or otherwise dispose of the Mongaged Premises, or any pan thereof, at'any time before this Deed of
<br />Trust Is fully released and discharged, Noteholder shall have the OPtion to declare the Indebtedness hereby secured due and payable and If the
<br />same Is not paid within ten (101 days after the same is declared due and payable, Noteholder may request the Trustee to commence foreclo-
<br />sure proceedings as hereinbefore provided In Paragraph 13, or may commence any other action authorized by this Deed of Trust to enforce
<br />the liens herein given, Failure to exercise this option shall not be considered as a waiver of the rights conferred in this Paragraph 28, but seld
<br />option may be exercised at any time,
<br />
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<br />The undersigned hereby designate as their homestead , the property
<br />located in Harris County, Texas, legally described as:
<br />
<br />Lot Five (5), Block Two
<br />in Harris County, Texas.
<br />
<br />(2) ,
<br />
<br />OAKHURST ADDITION,
<br />
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