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Home My WebLink About939633 After Recording Return To: Wells Fargo Bank, N.A. Attn: Document Mgt. P.O. Box 31557 MAC B6955-013 Billings, MT 59107-9900 RECEIVED 6/9/2008 at 3:54 PM RECEIVING # 939633 BOOK: 696 PAGE: 649 JEANNE WAGNER LINCOLN COUNTY CLERK, KEMMERER, WY Ü00649 [Space Above This Line For Recording Data] Reference Number: 20081097100370 Account number: 654-654-3725041-1XXX Cõ SHORT FORM LINE OF CREDIT MORTGAGE DEFINITIONS Words used in multiple sections of this document are defined below. The Master Form Mortgage includes other defined words and rules regarding the usage of words used in this document. (A) "Security Instrument" means this document, which is dated MAY 12. 2008, together with all Riders to this document. (B) "Borrower" is MIKEL D. SALZETTI AND THERESA D. SALZETTL HUSBAND AND WIFE. AS TENANTS BY THE ENTIRETffiS. Borrower is the mortgagor under this Security Instrument. (C) "Lender" is Wells FarlZo Bank. N.A.. Lender is a National Bank organized and existing under the laws of the United States of America. Lender's address is 101 North PhilliDS Avenue. Sioux Falls. SD 57104. Lender is the mortgagee under this Security Instrument. (D) "Debt Instrument" means the loan agreement or other credit instrument signed by Borrower and dated MAY 12. 2008. The Debt Instrument states that Borrower owes Lender, or may owe Lender, an amount that may vary ttom time to time up to a maximum principal sum outstanding at anyone time of, ONE HUNDRED FIFTY-TWO THOUSAND SIX HUNDRED AND 00/100THS Dollars (U.S. $152.600.00) plus interest. Borrower has promised to pay this debt in Periodic Payments and to pay the debt in full not later than seven (7) calendar days after June 12. 2048. (E) "Property" means the property that is described below under the heading "Transfer of Rights in the Property." (F) "Loan" means all amounts owed now or hereafter under the Debt Instrument, including without limitation principal, interest, any prepayment charges, late charges and other fees and charges due under the Debt Instrument, and also all sums due under this Security Instrument, plus interest. (G) "Riders" means all Riders to this Security Instrument that are executed by Borrower. The following Riders are to be executed by Borrower [check box as applicable]: WYOMING-SHORT FORM OPEN-END SECURITY INSTRUMENT lïlilÎilïÎiii¡lïillill¡illl~1 (page 1 of 3 pages) Documents Processed 05-12-2008, 14:46:04 ~ Leasehold Rider ~ Third Party Rider ~ Other(s) [specify] ('00650 N/A (H) "Master FQrm Mortgage" means the Master Form Line of Credit Mortgage dated AUl!ust 14. 2007, and recorded on AU2ust 30. 2007 as Instrument No. 932651 , Book 670 at Page 599 - 609 of the Official Records in the Office of the Recorder of Lincoln County/City, State of Wyoming. TRANSFER OF RIGHTS IN THE PROPERTY This Security Instrument secures to Lender: (i) the repayment of the Loan, and all future advances, renewals, extensions and modifications of the Debt Instrument, including any future advances made at a time when no indebtedness is currently secured by this Security Instrument; and (ii) the performance of Borrower's covenants and agreements under this Security Instrument and the Debt Instrument. For this purpose, Borrower does hereby mortgage, grant and convey to Lender and Lender's successors and assigns, with power of sale, the following described property located in the County [Type of Recording Jurisdiction] of Lincoln [Name of Recording Jurisdiction] THE FOLLOWING DESCRIBED PREMISES, TO-WIT: LOT 15 OF BLOCK 1 OF THE LINCOLN HEIGHTS 2ND SUBDMSION TO THE TOWN OF KEMMERER, LINCOLN COUNTY, WYOMING AS DESCRIBED ON THE OFFICIAL PLAT THEREOF. which currently has the address of KEMMERER [City] 1325 LINCOLN HEIGHTS DR [Street] , Wyoming 83101 ("Property Address"): [Zip Code] TOGETHER WITH all the improvements now or hereafter erected on the property, and all easements, appurtenances, and fixtures now or hereafter a part of the property. All replacements and additions shall also be covered by this Security Instrument. All of the foregoing is referred to in this Security Instrument as the "Property." The Property shall also include any additional property described in Section 20 of the Master Form Mortgage. BORROWER COVENANTS that Borrower is lawfully seised of the estate hereby conveyed and has the right to mortgage, grant and convey the Property and that the Property is unencumbered, except for encumbrances of record as of the execution date of this Security Instrument. Borrower warrants and will defend generally the title to the Property against all claims and demands, subject to any encumbrances of record. MASTER FORM MORTGAGE By the execution and delivery of this Security Instrument, Borrower agrees that all of the provisions of the Master Form Mortgage are hereby incorporated in their entirety into this Security Instrument. Borrower agrees to be bound by and to perform all of the covenants and agreements in the Master Form Mortgage. A copy of the Master Form Mortgage has been provided to Borrower. WYOMING-SHORT FORM OPEN-END SECURITY INSTRUMENT ¡ïiuû8.ÎÎiiìm.ïilllllliulllll (page 2 of 3 pages) Documents Processed 05-12-2008,14:46:04 ('00651 BY SIGNING BELOW, Borrower accepts and agrees to the terms and covenants contained in this Security Instrument and in any Rider executed by Borrower and recorded with it. Borrower also acknowledges receipt of a copy of this document and a copy of the Master Form Mortgage. ?:l{;¿ji#n$# (Seal) MIKE D SAL I -Borrower ~..J~... ~~ 7L'_~eaI) M LD. SALZE I, A ATTORNEY FA FOR RESAD. SALZETTI -Borrower For An Individual Acting In His/Her Own Right: . 1/1 State of~ ) o...(OOd.-f'~1 . ) ss County of ~V'\ at ) r\ OLS J\ " f' A II {Y\ \U-Q' Witness my hand and official seal. I'''....~&;;;:¡A¡;;~--W''.., t' ~ ! :-,,, .f ~ /_/1 II (oj l~OTA!~l{ PUJPJJfC \jMA~~y~G , ~UNIE ST~~EÇK J Notary Public My Commission expir..s: .._.......rt..1..ìro (Q .~ '"~.___'___~_w.wH.Y"..w 111 l (Ç ) )-t\ lO My Commission Expires: WYOMING-SHORT FORM OPEN-END SECURITY INSTRUMENT IÎ.iûi1iíiiìmIIÎ'lllliuIIIII (page 3 0/3 pages) Documents Processed 05-12-2008,14:46:04 EXHmIT A (:00652 Reference: 20081097100370 i\ccount: 654-654-3725041-1998 Legal Description: THE FOLLOWING DESCRIBED PREMISES, TO-WIT: LOT 15 OF BLOCK 1 OF THE LINCOLN HEIGHTS 2ND SUBDIVISION TO THE TOWN OF KEMMERER, LINCOLN COUNTY, WYOMING AS DESCRIBED ON THE OFFICIAL PLAT THEREOF. Exhibit A, CDP.Vl 07/2004 Illmlllmlllll~wœ~~lllœllll~1 1/1 Documents Processed 05-12-2008,14:46:04