HomeMy WebLinkAbout945797
00û309
After recording, return recording
information to:
American Title, Inc.
PO Box 64J010';:<ÙOQD1\1-Ù-H cr
Omaha, NE 68164-1010
RECEIVED 3/10/2009 at 3:20 PM
RECEIVING # 945797
BOOK: 717 PAGE: 309
JEANNE WAGNER
LINCOLN COUNTY CLERK, KEMMERER, WY
[Space Above This Line For Recording Data]
Reference Number: 20090337500087
Account number: 654-654-3787363-1XXX
SHORT FORM LINE OF CREDIT MORTGAGE
DEFINITIONS
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 FEBRUARY 20. 2009, together with all Riders
to this document.
(B) "Borrower" is RONALD L. MERRITT AND DEBRA MERRITT. HUSBAND AND WIFE. BY THE
ENTIRETY. Borrower is the mortgagor under this Security Instrument.
(C) "Lender" is Wells FarslO Bank. N.Ah 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 20. 2009. The Debt Instrument states that Borrower owes Lender, or may owe Lender, an amount
that may vary ITom time to time up to a maximum principal sum outstanding at anyone time of, SEVENTY-
THREE THOUSAND AND 001100THS Dollars (U.S. $73.000.00) 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 davs after March 20.
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-ENDISECURITY INSTRUMENT
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~ Leasehold Rider
~ Third Party Rider
~ Other(s) [specify]
NIA
(H) "Master Form Mortgage" means the Master Fonn Line of Credit Mortgage dated AUlZust 14. 2007, and
recorded on AUlZust 30. 2007 as Instrument No. 932651 , Book 670 at Page 599 - 609 of the Official Records in the
Office of the Recorder of Lincoln CountylCity, State of Wyoming.
TRANSFER OF RIGHTS IN THE PROPERTY
Thís 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 perfonnance of Borrower's covenants and
agreements under this Security Instrument and the Debt Instrument. For this pwpose, 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 TRACT OF LAND IN LINCOLN COUNTY, STATE OF WYOMING:
BEGINNING AT THE SOUTHWEST CORNER OF LOT 3, BLOCK 17, AUBURN, TOWNSITE,
SECTION 4, T32N, R119W AND RUNNING THENCE S 89 DEGREES 55 MINUTES E ALONG SOUTH
LINE OF LOT 3, 208.71 FEET; THENCE N 00 DEGREES 21 MINUTES 36 SECONDS E, 208.71 FEET;
THENCE N 89 DEGREES 55 MINUTES W, 208.71 FEET TO THE WEST LINE OF LOT 3; THENCE S 00
DEGREES 21 MINUTES 36 SECONDS W ALONG SAID WEST LINE 208.71 FEET TO THE POINT OF
BEGINNING.
which currently has the address of
AUBURN
[City]
178 S 1ST WEST ST
[Street]
, Wyoming 83111
[Zip Code]
("Property Address"):
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 Fonn 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 Fonn Mortgage are hereby incorporated in their entirety into this Security Instrument. Borrower agrees to be
bound by and to perfonn all of the covenants and agreements in the Master Fonn Mortgage. A copy of the Master
Fonn Mortgage has been provided to Borrower.
WYOMING-SHORT FORM OPEN-END SECURITY INSTRUMENT
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BY SIGNING BELOW, Borrower accepts and agrees to the tenns 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.
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DEBRA MERRITT
-Borrower
B i
- on'ower
'!
For An Individual Acting In HislHer Own Right:
State of Wyoming )
) ss
County of L: \1\ ~l "'-- )
T~ foregoing instru~ent was acknowledged before me by
lèð¥\.o. t Y'r " ' ¿'t.>.. l.<> ø... (10 err,' +-
this .;2f?day of F ~ a t i.Á. 11 iI'J
Witness my hand and official seal.
, 20 ~.:-(
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Ñotary Public
My Commission Expires: S - ..J ç ~ ;)ølO
WYOMlNG-SHQRT FORM OPEN-END SECURITY INSTRUMENT
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