HomeMy WebLinkAbout966873After Recording Return To:
Wells Fargo Bank, N.A.
Attn: Document Mgt.
P.O. Box 31557
MAC B6955 -013
Billings, MT 59107 -9900
Reference Number: 20122344900001
HCWF#4818- 6698- 6241v2 (08/18/2012) wY- 1 07006 -0312
RECEIVED 9/18/2012 at 4:14 PM
RECEIVING 966873
BOOK: 794 PAGE: 270
JEANNE WAGNER
LINCOLN COUNTY CLERK, KEMMERER, WY
[Space Above This Line For Recording Data]
SHORT FORM LINE OF CREDIT MORTGAGE
WT
WYOMING TITLE E91CIROW
A MOTHER LODE COMPANY
Account Number: 682 682 1060945 -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 September 13, 2012, together with all Riders
to this document.
(B) "Borrower" is LISA C SCHMEH TRUSTEE OF THE LISA C SCHMEH TRUST DATED DECEMBER
9, 1993 AND ANY AMENDMENTS THERETO. 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 13, 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 TWENTY FOUR
THOUSAND AND 00 /100THS Dollars (U.S. $24,000.00) 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 13, 2042.
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(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 [mark as applicable]:
N/A Leasehold Rider
X Third Party Rider
N/A 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
[Type of Recording Jurisdiction] [Name of Recording Jurisdiction]
SEE ATTACHED EXHIBIT A
which currently has the address of
176 RIVER TRAIL
[Street]
ALPINE Wyoming 83128 -0000 "Property Address
[City] [Zip Code]
WYOMING -SHORT FORM OPEN -END SECURITY INSTRUMENT
HCWF#4818- 6698- 6241v2 (08/18/2012) WY- 107006 -0312
of Lincoln
(page 2 of 5 pages)
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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.
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0027`.
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
rem t of a copy,cf i document and a copy of the Master Form Mortgage.
L .A SCHME TRUSTEE OF THE LISA C SCHMEH TRUST DATED DECEMBER 9, 1993 Borrower
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For An Individual Acting In His/Her Own Right:
State of
County of
This instrument was acknowledged before me on (date)
by
(name(s)
of persons)
(Seal, if any)
For An Indivi u al Trustee Borrower:
State of M../
County of
This instrument was acknowledged before me on 4-'f3 (date) by
L.s C. Scia..cet v> L. s7 c. ScI1 4; 4-4 „57 '3
(name(s) of persons) as
(type of authority, e.g. officer, trustee, etc of
(name of party on behalf of whom instrument was executed.
(Seal, if any)
WENDY ARCHIBALD NOTARY PUBLIC
County of
Teton
State of
Wyoming
M
Commission Ex.ires 9 /20/2014
Notary Public
My Commission Expires:
Notary P blic
My Commission Expires: i
002 7
WYOMING -SHORT FORM OPEN -END SECURITY INSTRUMENT
HCWF#4818- 6698- 6241v2 (08/18/2012) wy- 1o7006 -o312 Documents Processed 09 -11 -2012 13:43:58
(page 5 of 5 pages)
COMMIT. LEGAL
PIDN 12- 3619- 10 -3 -00- 494.00
EXHIBIT "A"
LEGAL DESCRIPTION
1
Order No. 12101 -3691
THE LAND DESCRIBED HEREIN IS SITUATED IN THE STATE OF WYOMING, COUNTY OF
LINCOLN, UNINCORPORATED AREA, AND IS DESCRIBED AS FOLLOWS:
LOT 23 OF SALT RIVER COVE DIVISION NO. 2, LINCOLN COUNTY, WYOMING AS DESCRIBED
ON THE OFFICIAL PLAT FILED ON JANUARY 3, 2006 AS INSTRUMENT NO. 914941 OF THE
RECORDS OF THE LINCOLN COUNTY CLERK.
Reference Number: 20122344900001
Account Number: 682 682 1060945 -1998
Wells Fargo Bank, N. A.
THIS THIRD PARTY RIDER is made on September 13, 2012 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 LISA C SCHMEH. (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:
176 RIVER TRAIL ALPINE, WY 83128 -0000
[Property Address]
THIRD PARTY RIDER
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 LISA C SCHMEH 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.
3rd Party Rider, HE101137 HCWF #132.v10 (11/15/08)
HE- 101137 -0212
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By signing below, 1 undersigned Trustee(s) accept(s) and agree(s) to the terms and provisions contained in this
kii P Ri er.
ISA H TRUSTEE OF THE LISA C SCHMEH TRUST DATED DECEMBER 9, 1993
3rd Party Rider, HE101137 HCWF #132.v10 (11/15/08)
HE- 101137 -0212
Attach this Rider to the Security Instrument before Recording
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