HomeMy WebLinkAbout965504After Recording Return To:
Wells Fargo Bank, N.A.
Attn: Document Mgt.
P.O. Box 31557
MAC B6955 -013
Billings, MT 59107 -9900
WYON1N6 TITL ESCROW
A MONIER LODE COMPANY
[Space Above This Line For Recording Data]
Reference Number: 20121364800019 Account number: 682- 682 0973564 -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 JULY 10, 2012, together with all Riders to
this document.
(B) `Borrower" is RYAN J. LAKOVITCH, AN UNMARRIED PERSON. 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
JULY 10, 2012. 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, SEVENTY FIVE
THOUSAND AND 00 /100THS Dollars (U.S. $75,000.00) 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 10, 2042.
(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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Documents Processed 07 -09 -2012, 14:51:21
00307
RECEIVED 7/11/2012 at 4:49 PM
RECEIVING 9655
BOOK: 789 PAGE: 367
JEANNE WAGNER
LINCOLN COUNTY CLERK, KEMMERER, WY
FA Leasehold Rider
Third Party Rider
Other(s) [specify]
/AI
N /4!
(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]
SEE ATTACHED EXHIBIT "A"
which currently has the address of 1356 COUNTY ROAD 109
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
N/A
of Lincoln
[Street]
ETNA Wyoming 83118 0000 "Property Address
[City] [Zip Code]
00368
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)
Documents Processed 07 -09 -2012, 14:51:21
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 copy of this document and a copy of the Master Form Mortgage.
For An Indi dual Acting In His /Her Own Right:
State of ,YC 'Q ri
County of /1
This instrument was acknowledged before me on
by
(name(s) of persons).
(Seal, if any)
Rd an fl La ko u 1
WENDY ARCHIBALD NOTARY PUBLIC
County of
Teton
State of
Wyoming
M Commission Ex.ires 9/20/2014
7 --r a,
(date)
My Commission Expires: 9- ®f 9
WYOMING -SHORT FORM OPEN -END SECURITY INSTRUMENT (page 3 of 3 pages)
HCWF #4818- 6698- 6241v2 (02/21/09)
11111 a 1111111111111111111111111
Documents Processed 07 -09 -2012, 14:51:21
00369
00370
EXHIBIT "A"
LEGAL DESCRIPTION
THE LAND DESCRIBED HEREIN IS SITUATED IN THE STATE OF WYOMING, COUNTY OF
LINCOLN, UNINCORPORATED AREA, AND IS DESCRIBED AS FOLLOWS:
A PORTION OF THE SW1 /4 SW1 /4 OF SECTION 34, TOWNSHIP 36 NORTH, RANGE 119 WEST
OF THE 6TH P.M., LINCOLN COUNTY, WYOMING, BEING MORE PARTICULARLY DESCRIBED
AS FOLLOWS;
BEGINNING AT THE NORTHEAST CORNER OF THE SW1 /4 SW1 /4 OF SAID SECTION 34 AND
RUNNING THENCE SOUTH 0° 54' 55" WEST, ALONG THE EAST LINE OF SAID SW1 /4
SW1 /4, 682.04 FEET;
THENCE SOUTH 89° 54' 53" WEST, 177.52 FEET;
THENCE NORTH 0° 48' 30" WEST, 43.72 FEET;
THENCE NORTH 89° 23' 13" WEST, 72.22 FEET;
THENCE NORTH 12° 49' 31" WEST, 655. 26 FEET TO A POINT IN THE NORTH LINE OF
SAID SW1 /4 SW1 /4;
THENCE SOUTH 89° 50' 03" EAST, ALONG LAST SAID NORTH LINE, 406.71 FEET TO
THE POINT OF BEGINNING.
ALSO A PORTION OF THE DEED REFERRED TO AND RECORDED IN BOOK 422PR ON PAGE 504
AND THE PROPERTY REFERRED TO AND RECORDED IN BOOK 446PR ON PAGE 95, WITHIN
THE S1 /2 SW1 /4 OF SECTION 34, TOWNSHIP 36 NORTH, RANGE 119 WEST OF THE 6TH
P.M., LINCOLN COUNTY, WYOMING, THE METES AND BOUNDS BEING MORE PARTICULARLY
DESCRIBED AS FOLLOWS:
BEGINNING AT THE B.L.M. TYPE MONUMENT MARKING THE MARLOWE A. SCHERBEL PLS
5368, 1994 LOCATION FOR THE SOUTHEAST CORNER OF THE SW 1/4 SW 1/4 OF SAID
SECTION 34;
THENCE NORTH 89° 04' 27" WEST, ALONG THE SOUTH LINE OF SAID SW 1/4 SW1 /4,
465.00 FEET;
THENCE NORTH 2° 27' 31" WEST, 528.73 FEET;
THENCE NORTH 71° 24' 55" WEST, 856.99 FEET TO A POINT IN THE WEST LINE OF
SAID SW 1/4 SW1 /4;
THENCE NORTH 2 14' 57" EAST, ALONG SAID WEST LINE, 535.18 FEET TO THE
B.L.M. TYPE MONUMENT MARKING THE SCOTT A. SCHERBEL PLS 3889, 1990 LOCATION
FOR THE NORTHWEST CORNER OF SAID SW 1/4 SW1 /4;
THENCE SOUTH 88° 54' 35" EAST, ALONG THE NORTH LINE OF SAID SW 1/4 SW1 /4,
914.96 FEET;
COM IIT. LEGAL 1
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PIDN 3619- 343 -00 -296
EXHIBIT "A"
LEGAL DESCRIPTION
THENCE SOUTH 11 53' 40" EAST, 655.22 FEET;
THENCE SOUTH 88° 27' 26" EAST, 72.22 FEET;
THENCE SOUTH 0° 07' 15" WEST, 43.72 FEET;
THENCE SOUTH 89° 09' 21" EAST, 188.44 FEET TO A POINT IN THE CENTER
LINE OF THE ROBERTS WOLFLEY COUNTY ROAD 12 -109 RIGHT OF WAY;
THENCE SOUTHEASTERLY, ALONG SAID CENTER LINE, THE FOLLOWING;
SOUTHEASTERLY, ALONG A 2058.00 FOOT RADIUS CURVE TO THE LEFT THROUGH A
CENTRAL ANGLE OF 5° 13' 53 AN ARC DISTANCE OF 187.90 FEET;
THENCE SOUTH 8° 43' 50" EAST, 320.18 FEET;
THENCE SOUTHEASTERLY, ALONG A 630.00 FOOT RADIUS CURVE TO THE LEFT,
THROUGH A CENTRAL ANGLE OF 12° 48' 13 AN ARC DISTANCE OF 140.78 FEET
TO A POINT IN THE SOUTH LINE OF SAID S1 /2 SW1 /4;
THENCE NORTH 89° 04' 27" WEST, ALONG SAID SOUTH LINE, 136.75 FEET TO
THE POINT OF BEGINNING.
CO24IT.LEGAL.O 2