HomeMy WebLinkAbout954740After Recording Return To:
Wells Fargo Bank, N.A.
Attn: Document Mgt.
P.O. Box 31557
MAC B6955 -013
Billings, MT 59107 -9900
[Space Above This Line For Recording Data]
Reference Number: 20101797700007 Account number: 651- 651 2926020 -1XXX
SHORT FORM LINE OF CREDIT MORTGAGE
000650
RECEIVED 8/9/2010 at 11:12 AM
RECEIVING 954740
BOOK: 751 PAGE: 650
JEANNE WAGNER
LINCOLN COUNTY CLERK, KEMMERER, WY
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 JULY 21, 2010, together with all Riders to
this document.
(B) "Borrower" is RAYMOND S. HUTCHINSON AND JOY C. HUTCHINSON, AS TRUSTEES OF
THE RAYMOND S. HUTCHINSON AND JOY C. HUTCHINSON TRUST DATED OCTOBER 29,
2007. Borrower is the mortgagor under this Security Instrument.
(C) "Lender" is Wells Fargo 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 Philips 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
JULY 21, 2010. 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 any one 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 August 21, 2050.
(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 ("page 1 of 4 pages)
HC W F #4818- 6698 -6241 v2 (02/21/09)
I1111YiIUIM11iIMNMO 111IlPffhI I IIIII1
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N/A
X
N/A
Leasehold Rider
Third Party Rider
Other(s) [specify]
TRANSFER OF RIGHTS IN THE PROPERTY
MASTER FORM MORTGAGE
N/A
(H) "Master Form Mortgage" means the Master Form Line of Credit Mortgage dated August 14, 2007, and
recorded on August 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.
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 of Lincoln
[Type of Recording Jurisdiction] [Name of Recording Jurisdiction]
SEE ATTACHED EXHIBIT
which currently has the address of 325 5TH ST
[Street]
COKEVILLE Wyoming 83114
[City] [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 Forni
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.
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 (page 2 of pages)
HC W F #4818- 6698 -6241 v2 (02/21/09)
1111111111111111111111111111111111111111
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000651
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 co ,y`of this doc ent and a copy of the Master.Form Mortgage.
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RAYMOND S HUTCHINSON, CO- TRUSTEE OF THE RAYMOND S. HUTCHINSON AND
J Y C HUTCHINSON TRUST DATED 10/29/ 7 -Borrower
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JOY C HUTCHINSON, CO- TRUSTEE OF THE RAYMOND S. HUTCHINSON AND JOY C
HUTCHINSON TRUST DATED 10/29/07 Borrower
For An Individua Acting In His /Her Own Right:
State of C
County of f
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This instrument was acknowledged before me on
LESLIE NATE
NOTARY PUBLIC
STATE OF IDAHO
(Seal, if any)
Not4ry obis
My Commission Expires: 6 j j
000652
WYOMING -SHORT FORM OPEN -END SECURITY INSTRUMENT (page 3 of 4 pages)
HC W F #4818- 6698 -6241 v2 (02/21/09)
111111111M111111=011111111101
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For An Indiy ua Trustee Borrower:
State of (t�.0
County of ?)e(1s'
This instrument was acknowledged before me on I LO '1 6 (date) by
Q-akk C T\ v'flcl1 ak x.; C C \'v1
(name(s) of persons) as f+ j e. s
(type of authority, e.g. officer, trustee, etc of
(name of party on behalf of whom instrument was executed.
LESLIE NATE
NOTARY PUBLIC
STATE OF IDAHO
(Seal, if any)
AOcVe.A 016
,/(t -t
Notary Public
My Commission Expires:
`e
000653
WYOMING -SHORT FORM OPEN -END SECURITY INSTRUMENT (page 4 of 4 pages)
HCWF #4818- 6698- 6241v2 (02/21/09)
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Legal Description:
Exhibit A CDP.V1 07/2004
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EXHIBIT A
000654
Reference: 20101797700007 Account: 651-651-2926020-1998
THE FOLLOWING DESCRIBED REAL ESTATE, SITUATE IN LINCOLN
COUNTY AND STATE OF WYOMING, TO -WIT: PARCEL 1: LOTS TWELVE
(12) AND THIRTEEN (13) IN THE QUADROS FIRST ADDITION OF THE
TOWN OF COKEVILLE, WYOMING, AND ALSO: BEGINNING AT THE
SOUTHWEST CORNER OF LOT 14 OF THE QUADROS FIRST ADDITION TO
THE TOWN OF COKEVILLE, WYOMING, AND RUNNING THENCE
EASTERLY ALONG THE SOUTH BOUNDARY LINE OF SAID LOT 14 A
DISTANCE OF 40 FEET, AND THENCE NORTHERLY ALONG A LINE
PARALLEL TO THE EAST BOUNDARY LINE OF SAID LOT A DISTANCE OF
100 FEET TO A POINT ON THE NORTH BOUNDARY LINE OF SAID LOT,
AND THENCE WESTERLY TO THE NORTHWEST CORNER A DISTANCE
OF 40 FEET, THENCE SOUTHERLY ALONG THE WEST BOUNDARY LINE
A DISTANCE OF 100 FEET TO THE POINT OF BEGINNING. PARCEL 2:
THAT PART OF TRACT 90 OF TOWNSHIP 24 NORTH, RANGE 119 WEST,
6TH P.M., WITHIN THE INCORPORATED LIMITS OF THE TOWN OF
COKEVILLE, LINCOLN COUNTY, WYOMING, LYING AND BEING
SITUATE WITHIN THE BOUNDS OF LOT 12 AND LOT 13 AND THE WEST
FORTY (40) FEET OF LOT 14 OF THE QUADROS ADDITION TO THE TOWN
OF COKEVILLE OF RECORD IN THE OFFICE OF THE CLERK OF
LINCOLN COUNTY AS PLAT NO. 133, NORTHERLY OF THE SOUTH LINE
OF SAID TRACT 90 AS DEPICTED UPON THE PLAT FOR THE HEUETT
ADDITION TO THE TOWN OF COKEVILLE OF RECORD IN SAID OFFICE
AS PLAT NO. 129.
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Reference: 20101797700007
Account: 651- 651- 2926020 -1998
Wells Fargo Bank, N.A.
THIRD PARTY RIDER
THIS THIRD PARTY RIDER is made on JULY 21, 2010 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 Instrument from RAYMOND S HUTCHINSON And JOY C
HUTCHINSON (individually and collectively referred to as the "Debtor to Wells Fargo Bank, N.A. (the
"Lender of the same date and covering the property described in the Security Instrument (the "Property and
located at:
325 5TH ST, COKEVILLE, WYOMING 83114
[Property Address]
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 RAYMOND S HUTCHINSON AND JOY C HUTCHINSON TRUST (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 the 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,
Third Party Rider,
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the unders ned Trustee(s) accept(s) and agree(s) to the terms and provisions L contained in t is
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RAYMOND S HUTCHINSON, CO- TRUSTEE OF THE RAYMOND S. HUTCHINSON AND
JOY C HUTCHINSON TRUST DATED 10/29/07
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JOY C HUTCHINSON, CO- TRUSTEE OF THE RAYMOND S. HUTCHINSON AND JOY C
HUTCHINSON TRUST DATED 10/29/07
3 Party Rider, HCWF #132.v10 (11/15/2008)
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Attach this Rider to the Security Instrument before Recording
000655
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