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lSB- 1.02889 DEED OF TRUST (Open End Single Note) This Deed of Trust is made this 27th day of. May 19 -!l6 by and among William L. Werner and Rosemary Werner, Husband and Wife-------------------------., here~nafter referred to as "Trustor," whose ma 1.1ing address is 1405 Harrison Road, Grand Island Nebraska. 68801 ; Arend R. Baack Attorney at Law, hereinafter referred to as "Trustee," whose mailing address is P. O. Box 790. Grand Island, Nebraska 68802 and POME FEDERAL SAVINGS AND LOAN ASSOCIATION OF GRAND ISLAND, hereinafter referred to as ~Beneficiary," whose mailing address is P. O. Box 1009, Grand Island, Nebraska 68802. . , ; For valuable consideration, Trustor irrevocably grants, tran~fers, conveys and assigns to Trustee, in trust~ with power of sale, for the benefit and security of Beneficiary, under and subject to the terms and conditions of this Deed of Trust, the following-deE'cr ibed property, located in Hall County. Nebraska, to-wit: Lot Three (3) Block Two (2) in Normandy Estates, an addition to the City of Grand [sland. Nebraska. together with all buildings. improvements, fixtures, streets, alleys, passageways, easements, rights, privileges and appurte- nances located thereon or in any way pertaining thereto, and the rents, issues, profits, reversions and the remainders thereof, inClUding all such personal property that is attached to the improvements so as to constitute a fixture, all of which, including replacements and additions thereto, are hereby declared to be a part of the real estate conveyed in trust hereby, it being agreed that all of the foregoing shall be hereinafter referred to as the "Property." FOR THE PURPOSE OF SECURING: (a) the payment of personal indebtedness owing from Trustor to Beneficiary I as evidenced by a Promissory Note of even date herewith .in the oriQini;1l principal amount of ~orty Thousand and nO/1UU and Two 'Fiundred and Five thousand and nO/IOO-------------------- U 40,000.00 )&; $205,000.00) (b) the payment of interest at the rate or rates provided in the afore-described note and the payment of both principal and interest on any and all renewals, modifications and extensions of such notes: (c) the payment of principal and interest on any future advance as may he evidenced by promissory notes stating they are secured hy this Deed of Trust; provided, however, that the total principal indebtedness, not inCluding sums advanced to protect the security or interest accrued, shall not ~xceed the sum of Two Hundred For-ty Five Thousand and no/100------------~$ 245,000.00 ); (d) the performance of each agreement and covenant. of Trustor herein contained: and (e) the payment of ~ny sum or sums of money which may be hereafter paid or advanced by Beneficiary under -1-