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HomeMy WebLinkAbout940051 WHEN RECORDED RETURN TO: Equity Loan Services, Inc. 1100 Superior Ave., Ste, 200 Cleveland, OH 44114 National Recording - FACT RECEIVED 6/24/2008 at 2:41 PM RECEIVING # 940051 BOOK: 698 PAGE: 232 JEANNE WAGNER LINCOLN COUNTY CLERK, KEMMERER, WY CO(;232 [Space Above This Line For Recording Data] /0661--3 Reference Number: 20081137100179 Account number: 654-654-3730793-1XXX DEFINITIONS SHORT FORM LINE OF CREDIT MORTGAGE .~ It (ßO'd- rl Words used in multiple sections of this document are defined below. The Master Fonn 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 31. 2008, together with all Riders to this document. (B) "Borrower" is DALE R. PERRY AND LINDA C. PERRY. HUSBAND AND WIFE. WHO ACOUIRED TITLE AS DALE PERRY AND LINDA PERRY. Borrower is the mortgagor under this Security Instrument. (C) "Lender" is Wells Fare:o 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 Phillips 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 31.2008. The Debt Instrument states that Borrower owes Lender, or may owe Lender, an amount that may vary from time to time up to a maximum principal sum outstanding at anyone time of, FIFTY THOUSAND AND 00/100THS Dollars (U.S. $50.000.00) 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 30. 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 ,ïiiíûi1iiiiiiÎlmlll1211liulllll (page I of 3 pages) Documents Processed 05-31-2008, 10:18:40 ~ Leasehold Rider ~ Third Party Rider ~ Other(s) [specify] ~;OC233 N/A (H) "Master Form Mortgage" means the Master Form Line of Credit Mortgage dated AU2ust 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] SEE ATTACHED EXHmIT Pr of Lincoln [Name of Recording Jurisdiction] which currently has the address of BEDFORD [City] 453 STRA WHERRY CREEK PRIVATE R [Street] , Wyoming 83112 ("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 COVENANfS 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 InstruÌnent. 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 1¡lùíiii1iÎiii¡lïllli.llïlll~1 (page 2 of 3 pages) Documents Processed 05-31-2008,10:18:40 L'00234 BY SIGNING BELOW, Borrower accepts and agrees to the tenus 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 Fonn Mortgage. c:lt/J7.dA e C. PERRY (Seal) -Borrower (Seal) -Borrower For An Individual Acting In HisIHer Own Right: State of Wyoming ) ) ss County of L;, 11 cd;t.. ) The foregoin~strument was acknowledged before me by ./Jq/~ ~ Pn-Y'j GlAd t/¡,¡dû.- C this(;J.~lßay of 'Y11 a J ,20g Witness my hand and official seal. R"rr'j CLAUDIA' ANDE~ Notary PublIC' Lincoln County . Wyoming ." ';óIO My Commission Expl.... ~f _ II. &¿¿Id/~ ~¿W0-- Notary Public - My Commission Expires: S- -;/ S- - ;1 ø 10 WYOMING-SHORT FORM OPEN-END SECURITY INSTRUMENT ¡1.iiû8.1iiiiii.ïlllllliiulllll (page 3 of 3 pages) Documents Processed 05-31-2008, 10: 18:40 EXHIBIT A SITUATED IN THE COUNTY OF LINCOLN AND STATE OF WYOMING: \_ 00235 LOT 63 OF AMENDED PLAT OF BRIDGER FOREST RANCHES, ACCORDING TO THE OFFICIAL PLAT THEREOF, RECORDED FEBRUARY 6, 1975 AS DOCUMENT NO. 463684 AND MAP NO. 116 IN THE OFFICE OF THE CLERK, LINCOLN COUNTY, WYOMING. Permanent Parcel Number: 3418-28-4-01-001.00 DALE R. PERRY AND LINDA C. PERRY, HUSBAND AND WIFE 453 STRAWBERRY CREEK PRIVATE ROAD, BEDFORD WY 83112 Loan Reference Number : 20081137100179/10623 First American Order No: 37160277 Identifier: FIRST AMERICAN LENDERS ADVANTAGE 1111111111111111111111 PERRY WY 37160277 FIRST AMERICAN ELS MORTGAGE 1111111111111111111111111111111111111111111111111