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Home My WebLink About957310After recording, return recording information to: A.ri-- 20 o 1/ 2 L-I //I American Title, Inc. PO Box 641010 Omaha, NE 68164 -1010 RECEIVED 12/23/2010 at 3:53 PM RECEIVING 957310 BOOK: 759 PAGE: 296 JEANNE WAGNER LINCOLN COUNTY CLERK, KEMMERER, WY 000296 [Space Above This Line For Recording Data] Reference Number: 20103127600066 Account number: 682 682 0173029 -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 DECEMBER 08, 2010, together with all Riders to this document. (B) "Borrower" is ALAN LANCE ALLRED, TRUSTEE OF THE ALAN LANCE ALLRED REVOCABLE TRUST DATED NOVEMBER 10, 2003. 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 08, 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, TWO HUNDRED SEVEN THOUSAND AND 00 /100THS Dollars (U.S. $207,000.00) 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 08, 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 4 pages) HCWF #4818 6698- 6241v2 02/21/09) 11111111111111111111111111111111111111111111 Documents Processed 12 -08 -2010, 16:25:27 N/A XI N/A Leasehold Rider 0OO2i7 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. 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 of Lincoln [Type of Recording Jurisdiction] [Name of Recording Jurisdiction] THE FOLLOWING DESCRIBED REAL PROPERTY, SITUATED IN LINCOLN COUNTY AND STATE OF WYOMING TO WIT: LOT 51 OF STAR VALLEY RANCH PLAT 12, LINCOLN COUNTY, WYOMING AS DESCRIBED ON THE OFFICIAL PLAT THEREOF. which currently has the address of 276 ALPINE WAY [Street] STAR VALLEY RANCH Wyoming 83127 "Property Address [City] [Zip Code] 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 4 pages) HCWF #4818- 6698- 62 02 I 2 pp 1 1/p 0 pp 9 ��1111A11 NIYI� Documents Processed 12 -08 -2010, 16:25:27 BY SIGNING BELOW, Borrower accepts and agrees to the terms and covenants contained in this Sec ty Instrument and in any Rider executed by Borrower and recorded with it. Borrower also acknowledges a copy this docii1 nt ►d opyplthe Mauer Form Mortgage. (name(s) of persons). (Seal, if any) JARED B. GLEU NOTARY PUBLIC COUNTY LINCOOLNF S' STATE YOMING MY COMMISSION EXPIRES OCT. 24, 2012 111111111111111111111111111111111 1E1111 NMI CJi)298 ALAN LANCE ALLRED, TRUSTE OF 'THE ALAN LANCE ALLRED REVOCABLE TRUST DATED NOVEMBER 10, 2003 Borrower For An Individual Acting In His/Her Own Right: State of yotsl ,t_ County of LOUD b/i This instrument was acknowledged before me on ezei i 2 210 (date) by Pi tow LrL re A (10,4 lei b5 a:l_ ry Public My Commission Expires: 0 hyhU rZ WYOMING -SHORT FORM OPEN -END SECURITY INSTRUMENT (page 3 of 4 pages) HC W F#4818- 6698 -6241 v2 112/21/091 Documents Processed 12 -08 -2010, 16:25:27 For An Individual Trustee Borrower: State of W y9 (4 County of (-KC D w( This instrument was acknowledged before me on beC_C, ,ba /0 (0 (date) by AID,_ Leutce. At t iLed (name(s) of persons) as i t.0, -.Pp_ (type of authority, e.g. officer, trustee, etc of but Lt tt p 1! 2 &)c) 4 413 l 1 u t 4 00-0ez ar 1 0, lOc2 (name of party on behalf of whom instrument was executed. JARED B. GLEUE NOTARY PUBLIC COUNTY OF i' SSTpEOF LINCOLN Y MY COMMISSION EXPIRES OCT. 24, 2012 (Seal, if any) WYOMING -SHORT FORM OPEN -END SECURITY INSTRUMENT HCWF #4818- 6698- 6241v2 02/21/09 j kai ta. da, Notary Public 000299 My Commission Expires: lo I2- h011- (page 4 of 4 pages) Documents Processed 12 -08 -2010, 16:25:27 Reference: 20103127600066 Account: 682- 682 0173029 -1998 Wells Fargo Bank, N.A. THIRD PARTY RIDER THIS THIRD PARTY RIDER is made on DECEMBER 08, 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 ALAN LANCE ALLRED (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: 276 ALPINE WAY, STAR VALLEY RANCH, WYOMING 83127 [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 THE ALAN LANCE ALLRED REVOCABLE 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 'gning below, the undersigned Trustee(s) accept(s) and agree(s) to the terms and provisions contained in this Attach this Rider to the Security Instrument before Recording 000'300 rty Rider. ALAN LANCE ALLRED, TRUSTEE OF THE ALAN LANCE ALLRED REVOCABLE TRUST DATED NOVEMBER 10, 2003 IIpI�N��IIIIII��I �IIIO11111I1gI11II�a�VNMllgl Documents Processed 12 -08 -2010, 16:25:27