Rumpf v. Home Federal Savings & Loan Ass'n of Upper East Tennessee

OPINION

FRANKS, Judge.

The principal issue presented by this appeal is whether the trust deed on the disputed property, securing a loan by Home Federal, provides for attorneys’ fees on the facts of this case.

By way of background, the plaintiffs in this action attempted to purchase the disputed property from the Bartels, who gave the trust deed to Home Federal. However, at a scheduled closing, appellants refused to assume the loan because Home Federal exercised its right on the deed of trust to increase the interest rate on the loan secured by the deed of trust.

Subsequently, the Bartels became…