HomeMy WebLinkAbout955974AFTER RECORDING, RETURN TO:
AMERICAN TITLE, INC.
P.O. BOX 641010
OMAHA, NE 68164 -1010
ATI#
0 0 0
Wells Fargo Bank, N.A.
Attn: Document Mgt.
P.O. Box 31557
MAC B6955 -013
Billings, MT 59107 -9900
RECEIVED 10/13/2010 at 2:50 PM
RECEIVING 955974
BOOK: 755 PAGE: 276
JEANNE WAGNER
LINCOLN COUNTY CLERK, KEMMERER, WY
[Space Above This Line For Recording Data]
Reference Number: 20102457900004 Account number: 682 682 0061174 -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 SEPTEMBER 22, 2010, together with all
Riders to this document.
(B) "Borrower" is WILLIAM J. COSTELLO AND CAROL A. COSTELLO, HUSBAND AND WIFE,
AS JOINT TENANTS WITH RIGHTS 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
SEPTEMBER 22, 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 THOUSAND AND 00 /100THS Dollars (U.S. $100,000.00) 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
October 22, 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)
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IN /AI
IN /AI
IN /A
Leasehold Rider
Third Party Rider
Other(s) [specify]
(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.
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] [Name of Recording Jurisdiction]
THE FOLLOWING DESCRIBED REAL ESTATE SITUATE IN LINCOLN COUNTY AND STATE OF
WASHINGTON, TO -WIT: LOT 28 OF THE WESTVIEW VILLAGE SUBDIVISION, LINCOLN
COUNTY, WYOMING AS DESCRIBED ON THE OFFICIAL PLAT THEREOF, TOGETHER WITH
ALL BUILDINGS, IMPROVEMENTS AND APPURTENANCES THEREON SITUATE OR IN
ANYWISE APPERTAINING THERETO.
which currently has the address of
AFTON
[City]
N/A
of Lincoln
Wyoming
176 CIRCLE DR
[Street]
83110
[Zip Code]
CA00277
"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.
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 (page 2 of 3 pages)
HCWF #4818 6698- 6241 v2 (02/21/09)
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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 of copy of this document and a copy of the Master Form Mortgage.
WI ,I'AM J COSTEL
CAROL A COSTELLO
For An Individual Acting In His /Her Own Right:
State of VV 1 b tvi 1 r1 1
County of 1.i r
This instrument was acknowledged before me on
by
(name(s) of persons).
(Seal, if any)
a
LAKYN NIELD
NOTARY PUBLIC WYOMING
Lincoln County
M Commission Ex ires Jan. 21, 2013
'e pi 22; 2 Q I D (date)
Ca Ct 016
Borrower
Borrower
My Commission Expires: 0
0
WYOMING -SHORT FORM OPEN -END SECURITY INSTRUMENT (page 3 of 3 pages)
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