HomeMy WebLinkAbout955540RECORDING REQUESTED BY
Fidelity National Agency Solutions
WHEN RECORDED MAIL TO:
NAME Document Processing
Solutions
MAILING 590 W. Lambert Rd
CITY, STATE Brea, Ca
ZIP CODE 92821
LSI- 9343359
Mortgage
Grantor: David Lowe Shrader and Susan Neidner Shrader, Husband and Wife
who acquired Title as David Lowe Shrader and Susan Neider Shrader, Husband and
Wife as Joint Tenants with Right of Supervisorship
Grantee: Wells Fargo Bank, N.A.
RECEIVED 9/16/2010 at 3:00 PM
RECEIVING 955540
BOOK: 753 PAGE: 720
JEANNE WAGNER
LINCOLN COUNTY CLERK, KEMMERER, WY
e0i.#720
After Recording Return To:
Wells Fargo Bank, N.A.
Attn: Document Mgt.
P.O. Box 31557
MAC B6955 -013
Billings, MT 59107 -9900
C
[Space Above This Line For Recording Data]
Reference Number: 20101957700048 Account number: 117 117 0553689 1XXX
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 AUGUST 23, 2010, together with all Riders
to this document.
(B) "Borrower" is DAVID LOWE SHRADER AND SUSAN NEIDNER SHRADER, HUSBAND AND
WIFE WHO ACQUIRED TITLE AS DAVID LOWE SHRADER AND SUSAN NEIDER SHRADER,
HUSBAND AND WIFE AS JOINT TENANTS WITH RIGHT OF SURVIVORSHIP. 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 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
AUGUST 23, 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, ONE
HUNDRED TWENTY EIGHT THOUSAND AND 00 /100THS Dollars (U.S. $128,000.00) 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 September 24, 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 3 pages)
HCWF #4818- 6698- 6241v2 (02/21 /09)
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N /AI
N/A
Leasehold Rider
Third Party Rider
Other(s) [specify]
(II) "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.
TRANSFER OF RIGHTS IN THE PROPERTY
N/A
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
[City]
MASTER FORM MORTGAGE
of Lincoln
[Type of Recording Jurisdiction] [Name of Recording Jurisdiction]
SEE ATTACHED EXHIBIT
which currently has the address of
AFTON
Wyoming
1515 ALLRED RD.
[Street]
83110
[Zip Code]
C'0 Y722
"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 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.
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 3 pages)
HCWF #4818 6698- 6241v2 (02/21/09)
1IIII1h111I1110I1111II11111a111II
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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 yf�a copy of this document and a copy of the Master Form Mortgage.
D ID LOWS SHRAIaER Qitka.jit
SUSAN
For An Individual Acting In His/Her Own Right:
State of 7rjediet
County ofri\Yl92AA 1
This instrument was acknowledged before me on Au 2-4 Zal Z (date)
fINO Su b d''vz- s
by
at L
(name(s) of persons).
(Seal, if any)
RADER
C O e 23
Borrower
Borrower
My Commission Expires: 6 y/2 PCO t t
WYOMING -SHORT FORM OPEN -END SECURITY INSTRUMENT (page 3 of 3 pages)
HCWF#4818-6698-6241v2 02/21/09)
Documents Processed 08 -17 -2010, 14:02:53
Reference: 20101957700048 Account: 117 117 0553689 -1998
Legal Description:
THE LAND REFERRED TO HEREIN BELOW IS SITUATED IN THE COUNTY
OF LINCOLN, STATE OF WYOMING, AND IS DESCRIBED AS FOLLOWS:
THE S1/2S1/2 OF THE SE1 /4SE1 /4NE1 /4 OF SECTION 23, T32N R119W OF THE
6TH P.M., LINCOLN COUNTY, WYOMING, (BEING A PORTION OF THAT
TRACT OF RECORD IN BOOK 74 PR ON PAGE 271, AS DEFINED BY
EXISTING FENCE LINES),AND BEING MORE PARTICULARLY
DESCRIBED AS FOLLOWS: BEGINNING AT A SPIKE FOUND MARKING
THE SOUTHEAST CORNER OF SAID NE1 /4 OF SAID SECTION 23 AND
RUNNING THENCE SOUTH 89 DEGREES 51 MINUTES 45 SECONDS WE ST,
ALONG THE SOUTH BOUNDARY OF LAST SAID NE1 /4 660.00 FEET;
THENCE NORTH 0 DEGREES 29 MINUTES 09 SECONDS WEST, ALONG THE
WEST BOUNDARY OF SAID SE1/4SE1/4NE1/4, 165.77 FEET; THENCE EAST
660.02 FEET TO THE EAST LINE OF SAID SECTION 23; THENCE SOUTH 0
DEGREES 29 MINUTES 30 SECONDS EAST, ALONG LAST SAID SECTION
LINE, 164.19 FEET TO THE POINT OF BEGINNING.
Exhibit A, CDP V 1 07/2004
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s
i
EXHIBIT A
00i/724
1/1
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