1984 George Merritt and Vivian Merritt-Deed of Trust

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~\r: . .J ;.. 11 ~ ~,'" I Id ;~ :~ ~ I~ r.: ~ id ,~ ~ ~ OJ ,~ ~'I ~ .~ ~ t;! 'f] ., I :~ ~ .~ .~ '1.1 .f \1 ~ I~ ~ I ~ l~ .~ :~ ,~ i~ .~ I I~ .../ i,1 ~ ~ t~ t.~ .~ lq ~ It:: 'I .... ~ 1"1 " ~~ ~t1lbtjjJ DEED OF TRUST . csr . .: :.":;:;:'--=:":_-.=-_-= ::.::.:;:::.=....~~ . ._7\=-= .:::.':::;;;'-:_- TeKas M0r1J)g3BB.,~erB2so~iJ is 6nijorm Deed of Trust -.'-===, .1--::::-===:: .- ;. .::::.. :......=. .-..-:=.::=.......:.::.-.-=-.- -. . - ,"- 1976. 1 t. ':'~"i4;K:1 iJIJ":..~..(L~l !-it: H.2:;~ I: i wqr ~tatr of Wrxns, I I.! ~ ~ ~ L ... r.IV.4 W'u .rJ ~ ~] ~ ~ ~ ~ .~ :I~ :"! It ( tl ~ ~ ~ ~l [: ~ tl ~ ~ .~l .~ I I ;~ ~. l1 Fi ~ tl ~ ~l ~ ~] ~ :~ .~ ~ :,.I ~; t, ~ ;.' f:) !; 1Knnm 1\11 .tIIllrn by ID~rBr Jrrsrnfs: C!lnuntg of HARRIS THAT GEORGE MERRITT and wife, 906 West Adam Street, La Porte, VIVIAN MERRITT, whose mailing eddress Is Texas 7757l ,of the County of Harris ,Stete of Texas, baing the Dabtor(sl and hereinafter called "Grantors", (whether one or morel. in consideration of TEN AND NDnOO DOLLARS ($10.001, in hand paid, and the debt and trust hereinafter mentionad, heve Granted, Sold and Conveyed, and by these presents do Grant, Sell and Convey unto KNOX W. ASKINS , Trustee(sl, hereinafter called the "Trustee" (whether one or morel, and to his successors in trust, the following described land and other property situated in the County of Harris ,Stete of Texas, to-wit: Lots Twenty (20) and TOWN OF LA PORTE, in is here made for all Twenty-One (2l), Block Harris County, Texas, purposes. Seventy-Six (76), to which reference ~11?/9~ ;;~ ~ OJ 9!/1 f or/~ /la..I ~(") ~ ..c;;g .z:- i {1S f. 10 r /:. JeIPis ~'x .." O~~. c..o - a+ &\ 1r.daY.. 3~f 1 0 rn 0 Q f!;t" 6/1n 'S (,., ~ 'r- :<rn ~ .-.:0 :1: S"tr~ti(Jn~ ((Ij m::l't i:iii >C CD ~ c.->> en together with all heating, plumbing, refrigeration, lighting fixtures, equipment and/or appliances now' or hereafter ettached thereto or used in connection therewith, and all buildings and Improvements thereon and hereafter placed thereon; appurtenances, servitudes, rights, ways, privi- leges, prescriptions end edvanteges thereunto belongln~ or ;!~, enywise .1I.P.~painln~,. ~ereinafter called the "Mortgaged Premises". TO HA VE AND TO HOLD the Mortgaged Premi~es: unto the Trustll~'J,prever: '~rentors hereby bind themselves to werrant and forever de- fend the title to the Mortgaged Premises, or any pari dl.e~eof, unto the. T~-p.stee aga'iASt all persons whomsoever claiming or to claim the same or eny part thereof. . ~.: , .; '" -. , 1. This Conveyance is made in trust, however, to secure paymen,t of a debt in the principal sum of ---------------------. SIX HUNDRED AND NO/lOO----------:------------------------------~OLLARS 600.00 ($ I, evidenced by a Promissory Note of even dete herewith, hereinafter called the "Note", the terms of which are Incorporeted herein by reference, executed by GEORGE MERRITT and wife, VIVIAN MERRITT payable to the order of CITY OF LA PORTE being the Secured Party(lesl. end hereinafter .called the "Noteholder", (whether one or morel at 604 West Fairmont Parkway, P. O. Box lll5, La Porte, Texas 7757l which is the Noteholder's post office address, or at such other place as the Noteholder may from time to time designate in writing, with In. terest and In Installments as stipuleted end provided therein and finally maturing on March l, 19 8 4 2. This Conveyance Is made in trust to further secure peyment of all other emounts with Interest thereon becoming due and peyable to the Noteholder under the terms of the Note or this Deed of Trust, including (but not limited tol eny extension, renewel or re-amortization of said Debt, any increase or addition thereto end eny future debt owing by Grantors to the Noteholder, the payment thereof being secured or In- tended to be secured hereby; and to further secure performance and discharge of eech end every promise, obligation, covenant and agreement of Grantors contained in the Note, this Deed of Trust or any other Instrument executed by Grantors, perteinlng to said debt or the security therefor. 3. As additionel security for the payment of said debt, Grantors hereby transfer and assign unto the Noteholder: (al All judgments, awards of damages and settlements hereinafter mede resulting from condemnation proceedings or the taking of all or any part of the Mortgaged Premises under the power of eminent domain, or for any damage (whether caused by such taking or oth. erwlsel to the Mortgaged Premises or eny pert thereof, or to eny rights eppurtenant thereto, Including any award for change of grade of streets. The Noteholder is hereby euthorlzed, but shall not be required, on behalf end in the name of Grentors, to execute and de. liver acqulnances for, and to appeal from, any such judgments or ewards. The Noteholder may apply all such sums or any part there- of so received, after the payment of all expenses, including costs end anorney's fees, on the debt in such manner as the Noteholder el ects; (bl All bonuses, rents and royalties eccrued or to accrue under all oll, gas or mineral leases, now existing or which may hereafter come Into existence. Grantors direct payment of the same to the Noteholder, at the option of the Noteholder end upon written demand of the Noteholder therefor, to be applied to the debt until paid. whether due or not. and either before or after any default under the terms of this Deed of Trust or the Note. (cl All rents, Issues and profits of the Mortgaged Premises, Including, but not limited to, all unsevered crops, or Grentors' Interest there- In. Grantors direct payment of the same to the Noteholder to be applied to the debt until paid, whether due or not. This esslgn- ment shall become operative upon any default of Grantors under the terms of this Deed of Trust or the Note and shall remain in full force end effect so long as any default continues in the maner of meking any of the payments or the performance of any of the cov- enants set forth in this Deed of Trust or the Note. 4. The proceeds of the Note to the extent that the same ere utilized to take up any outstanding llens egainst the Mortgaged Premises, or any portion thereof, have been edvenced by the Noteholder at Grantors' request and upon Grantors'representatlon that such emounts are due and are secured by valid liens against the Mortgaged Pr.emlses. The Noteholder shall be subrogated to any end all rights, superior titles, liens, and equities owned or claimed by eny owner or holder of any outstanding liens and debts, however remote, regardless of whether said liens or debts ere acquired by the Noteholder by assignment or are released by the holder thereof upon peyment. 5. Grantors further covenant and agree: lal That Grantors will pey the principel of end Interest on the Note in accordance with the terms thereof. That Grantors ere seized of the Mortgaged Premises and ere entitled to convey the same; thet Grantors wlll make such further essurance of title as may be necessary to fully confirm to the Trustee the title to the Mortgaged Premises. (bl That all awnings, door and window screens, storm window screens, storm windows and doors, mantels, cabinets, rugs, carpeting, lino. leum, wall end in-a-door beds, stoves, shades, blinds, oil end other fuel.burning systems and equipment, water heaters, radietor covers, end ell plumbing, heating, lighting, cooking, ventilating, cooling, air-conditioning and refrigerating epparetus and equipment, and such goods and chanels and personal property as are ever furnished by landlords In letting or operating en unfurnished building, or which are or shall be anached to said building by nalls, screws, bolts, pipe connections, masonry or in other manner, and all additions thereto and replacements thereof, end such built.in equipment as shown by plens and specifications, ere end shall be deemed to be fixtures and ac- . cessions to the Mortgeged Premises, being hereby agreed to be immovables end e part of the reelty es between the parties hereto, and shall be deemed to be a part end portion of the Mortgaged Premises. (cl That Grantors will pay (prior to dellnquencyl all texes and essessments levied or essessed upon the Mortgaged Premises, or the Interest created therein by this Deed of Trust, and exhibit the receipts therefor to the Noteholder (unless such payments are made by the Note- holder, as hereinafter providedl, end will defend the title and possession of the Mortgaged Premises to the end thet this Deed of Trust shall be end remain a first lien on the Mortgaged Premises until the debt is paid. That Grantors will pay ell attorney's fees end expen- ses which may be incurred by the Noteholder In enforcing the terms of the Note and this Deed of Trust or In any suit which the Note. holder may become a party where this Deed of Trust or the Mortgaged Premises is in any manner involved, and ell expenses incurred in presenting a claim against the estate of a decedent or a bankrupt. The word "assessments" as' used In this Deed of Trust, whether in this paragraph or elsewhere, shall Include not only assessments b.y political subdivisions. but also maintenance charges, regular assess. ments and special assessments assessed by subdivision restrictions, homeowner's declarations for planned unit developments and assess- ments by condominium egreements, if any. '.. __.-=-== \.-.~..===~:.:..=_=_:.:::.:_-=_.:::::.:_'~~ __.:.:=:-:....~-:......==.:.:. :~ .:....::=.a~r-.-.=--- -.~ ._::....:-a.';. ---:..:.:.-- .'- _ _.~:;:~~.~::..:. a .-.:.:.:=..... :.:..=--- ...