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Home My WebLink About945522 OO{ì:138 Attgr Reeõl£.lI.õ Rvlwll 'fIT.' Wells Fargo Bank, N.A. Attn: Document Mgt. P.O. Box 31557 MAC B6955-013 Billings, MT 59107-9900 I7lñ'7c4Î RECEIVED 2/24/2009 at 2:40 PM RECEIVING # 945522 BOOK: 716 PAGE: 138 JEANNE WAGNER LINCOLN COUNTY CLERK, KEMMERER, WY [Space Above This Line For Recording Data] Reference Number: 20090207100063 Account number: 117-117-0488364-1XXX SHORT FORM LINE OF CREDIT MORTGAGE DEFINITIONS Words used in multiple sections of this document are defmed below. The Master Fonn Mortgage includes other defmed words and rules regarding the usage of words used in this document. (A) "Security Instrument" means this document, which is dated FEBRUARY 13. 2009, together with all Riders to this document. (B) "Borrower" is THE TRAYLOR FAMILY TRUST. DATED OCTOBER 6. 2005. LELAND B. TRAYLOR AND SHERR! D. TRAYLOR. TRUSTEES. 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 FEBRUARY 13.2009. 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, TWO HUNDRED THOUSAND AND 00/100THS Dollars (U.S. $200.000.00) 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 March 13. 2049. (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 IÎlliíÛÎ1û¡iiiiiiïillliìï.lmlll (page 1 of 4 pages) Documents Processed 02-12-2009,16:42:02 0061.39 ~ Leasehold Rider m Third Party Rider ~ Other(s) [specify] N/A (H) "Master Form Mortgage" means the Master Form Line of Credit Mortgage dated AUl!:ust 14. 2007, and recorded on AUl!:ust 30.2007 as Instrument No. 932651 , Book 670 at Page 599 - 609 of the Official Records in the Office ofthe 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] In the County of Lincoln, State of Wyoming, to-wit: Lot 3 of the Ramblin Hills Ranch Subdivision, Lincoln County, Wyoming. FREEDOM [City] 182 RAMBLIN HILLS RD [Street] , Wyoming 83120 ("Property Address"): [Zip Code] which currently has the address of 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 Îåiïêinü6iiii.ïimuïllÙ21lUiwlu (page 2 of 4 pages) Documents Processed 02-12-2009,16:42:02 OOû140 BY SIGNING BELOW, Borrower accepts and agrees to the tenns and covenants contained in thìs Security Instrument and in any Rider executed by Borrower and recorded with it. Borrower also acknowledges receipt of a copy O. fJhi. 's document and a copy of the Master Form Mortgage. /1 .'/ ~"'''l 41 // 14- ._~ ~ '-'---¡h. /-<-1:.: ~ / f./ ~ 1__. LELAND B T YLOR, TRUSTE ~ -Borrower T/£ -Borrower For An Individual Acting In His/Her Own Right: State of Wyoming ) / ' l) ss County of I nco n ) this Jlßay of R \:ì f UO, ~"-- \ , 2«cn Witness my hand and official seal. ·JENNlFER IRVANT ,Notary PuÞIfc Ul:'COln County ... Wvomlng é:: } fJ.;, '1' ..I My Commllllòn Expires, 6 ..<':" Y\¡ WYOMING-SHORT FORM OPEN-END SECURITY INSTRUMENT iuiiû8.1i¡6iiiÎiiïIIDllìiiIWIU (page 3 of 4 pages) Documents Processed 02-12-2009,16:42:02 OOô1.41. For An Individual Trustee Borrower: State of Wyoming ) County of Ci n Co) ¡...... ) ss ) Th.e .foregoing instnµµe~was acknowledged before me by 't.... I. ,c¿ \ C'<.. nol b 11 Cc~ 10 '( c(.n cJ Shf' '{ '( I j) )'(CX";-j lor trustee for the trust known as . ~ 'j If CU---j \ 0 ( p:.I::.. \)~ ì ì ,-, \ \ 'f '-l "0 }-- , this r-) day of FE tJ"'-I..C_ ~,,-( ,2o::.·\c.\ Witness my hand and official seal. JENNfER BRYANT .Notary PublIc Unco1n COW\ty ,. Wyoming . I ,.- . t.1y CommIIIlÓn EJCpIr. ~ ':)/~:J II (\ ~. . .' . Recording requested by: LSI When recorded return t~ : custom Recording Solutions 2550 N. Redhill Ave. ~~ 1- Santa Ana, CA. 92705 800-756-3524 Ext. 5011 WYOMING-SHORT FORM OPEN-END SECURITY INSTRUMENT i.iii.Î¡6Ô¡¡ili1imiïlliiåiIIU (page 4 of 4 pages) Documents Processed 02-12-2009,16:42:02 000142 Reference: 20090207100063 ~ccount: 117-117-0488364-1998 Wells Fargo Bank, N.A. THIRD PARTY RIDER THIS THIRD PARTY RIDER is made on FEBRUARY 13,2009 is incorporated into and shall be deemed to amend and supplement the Mortgage, Deed of Trust, or Security Deed (the "Security Instrument") of the same date given by the undersigned Trustee(s) to secure the Debt Instrunì.ent from LELAND B TRAYLOR And SHERR! D TRAYLOR (individually and collectively referred to as the "Debtor") to Wells Fare:o Bank, N.A. (the "Lender") of the same date and covering the property described in the Security Instrument (the "Property") and located at: 182 RAMBLIN HILLS RD, FREEDOM, WYOMING 83120 [Property ~ddress] In addition to the covenants and agreements made in the Security Instrument, the undersigned Trustee(s) and Lender further covenant and agree as follows: With respect to the TRAYLOR FAMILY (the "Trust"), the Security Instrument constitutes a third party mortgage/deed of trust and grant of security interest by the undersigned as Trustee(s) of said Trust in the Property to secure 'the Debt Instrument of thè Debtor to the Lender. Consequently, references in the Security Instrument to "Borrower" refer to the undersigned Trustee(s) and the Debtor if the context in which the term is used so requires. Without limiting the generality of the foregoing, the use of the term "Borrower" in the context of warranties, representations and obligations pertaining to the Property shall refer to the undersigned Trustee(s). The use of the term "Borrower" in the context of the requirements under the Debt Instrument shall refer to the Debtor. Except with respect to the obligation(s) of the undersigned as individuals, and not as Trustee(s), with respect to the Debt Instrument before the date fIrst set forth herein above and the obligation(s) of the undersigned as individuals with respect to the Debt Instrument prior to the transfer of the Property into the Trust, the Trust and the undersigned, as Trustee(s), are not liable for the debt evidenced by the Debt Instrument and are a party hereunder only insofar as their interest in the Property is made subject to the Security Instrument. Further, revocation of the Trust, transfer of the Property by the Trust, or death of any Debtor shall constitute an event of default under the Security Instrument. By signing below, the undersigned Trustee(s) accept(s) and agree(s) to the terms and provisions contained in this Third Party Rider. " /<) /J. /.I¡I ,<~;7 '1 U/~V / fl9 ± )~1:; ( 2/ SHERRIDTRAYLOR ~ Attach this Rider to the Security Instrument before Recording íí.¡lìÎilllu¡i.ï¡ûlll1IümlmliJ 1/1 Documents Processed 02-12-2009,16:42:02 - ~ ûOû:143 Loan # 20090207100063 Exhibit A LEGAL DESCRIPTION The following described property: In the County of Lincoln, State of Wyoming, to-wit: Lot 3 of the Ramblin Hills Ranch Subdivision, Lincoln County, Wyoming. Assessor's Parcel No: 35192530017300 u