HomeMy WebLinkAbout957309After recording, return recording
information to:
American Title, Inc.
PO Box 641010
Omaha, NE 68164 -1010
-*VO I DI 11 60 C W
SHORT FORM LINE OF CREDIT MORTGAGE
RECEIVED 12/23/2010 at 3:41 PM
RECEIVING 957309
BOOK: 759 PAGE: 293
JEANNE WAGNER
LINCOLN COUNTY CLERK, KEMMERER, WY
OO 3 293
[Space Above This Line For Recording Data]
Reference Number: 20103217700141 Account number: 682 682 0167266 -1XXX
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 DECEMBER 04, 2010, together with all
Riders to this document.
(B) "Borrower" is MARK NYQUIST AND KIM NYQUIST, HUSBAND AND WIFE. 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
DECEMBER 04, 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
January 04, 2051.
(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)
1I1011•IH M IUuN111111111II11 Documents Processed 12 -02 -2010, 15:11:51
INUA
IN /A
N/A
Leasehold Rider
Third Party Rider
Other(s) [specify]
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. 898475 Book 2294 at Page 127 137 of the Official Records in
the Office of the Recorder of£ittupbel County /City, State of Wyoming.
nc01rI
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 of
[Type of Recording Jurisdiction] [Name of Recording Jurisdiction]
THE FOLLOWING DESCRIBED TRACT OF LAND IN LINCOLN COUNTY, STATE OF
WYOMING, TO WIT: BEGINNING AT THE SOUTHEAST CORNER OF LOT 13, ALPINE VILLAGE
SUBDIVISION 1, PLAT 1, AMENDED, SECTION 18, T37N, R118W, 6TH P.M., WYOMING AND
RUNNING THENCE S 59 DEGREES 22 MINUTES 51 SECONDS W, 250 FEET; THENCE N 35
DEGREES 37 MINUTES 29 SECONDS W, 196 FEET; THENCE N 48 DEGREES 58 MINUTES 42
SECONDS E, 121.46 FEET TO THE SOUTH RIGHT -OF -WAY BOUNDARY LINE OF PALISADES
CIRCLE; THENCE IN AN EASTERLY DIRECTION ALONG SAID SOUTH RIGHT -OF -WAY
BOUNDARY LINE OF PALISADES CIRCLE, 128.47 FEET TO THE POINT OF INTERSECTION
WITH THE SOUTHWEST RIGHT -OF -WAY BOUNDARY LINE OF PALISADES DRIVE; THENCE
SOUTHEASTERLY ALONG THE SOUTHWEST RIGHT -OF -WAY BOUNDARY LINE OF
PALISADES DRIVE APPROXIMATELY 153.33 FEET TO THE POINT OF BEGINNING.
which currently has the address of 230 PALISADES DRIVE
[Street]
ALPINE Wyoming 82718
[City] [Zip Code]
00029
£-nntplbel- *Lincoln
"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
WYOMING -SHORT FORM OPEN -END SECURITY INSTRUMENT (page 2 of 3 pages)
HC WF #4818- 6698 -6241 v2 (02/21/09)
111111111111111111011111111H11111111111111111111111101
Documents Processed 12-02-2010, 15:11:51
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.
BY SIGNING BELOW, Borrower accepts and agrees to the terms and covenants contained in this
Security Instru int and in any Rider executed by Borrower and recorded with it. Borrower also acknowledges
receipt of a c o y of this d hment and a copy of the Master Form Mortgage.
MARK QJ Borrower
For An Individual Acting In His/Her Own Right:
State of 61 J 17 Y7(e 4(7/7%()
Rei
This instrument was acknowledged before me on 2 1 1 2.0 I l9 (date)
Mark V O i s
County of
by
(name(s) of persons).
(Seal, if any)
ANSHU DUTY
Notary Public Minnesota
My Commission Expires Jan. 31, 2012
My Commission Expire
Borrower
000295
Notary Public
WYOMING -SHORT FORM OPEN -END SECURITY INSTRUMENT (page 3 of 3 pages)
HCW F #4818- 6698 -6241 v2 (02/21/09)
11111111111111111111111111111111111111111111 Documents Processed 12 -02 -2010, 15:11:51