HomeMy WebLinkAbout969680After recording, return recording
information to:
American Title, Inc.
PO Box 641010
Omaha, NE 68164 -1010
[Space Above This Line For Recording Data]
RECEIVED 2/26/2013 at 3:04 PM
RECEIVING 969680
BOOK: 805 PAGE: 501
JEANNE WAGNER
LINCOLN COUNTY CLERK, KEMMERER, WY
Reference Number: 20123469600060 Account Number: 682 682 1266470 -1 xxx
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 January 30, 2013, together with all Riders to
this document.
(B) "Borrower" is THOMAS W. BENTON AND KAREN L. BENTON, HUSBAND AND WIFE, AS
TENANTS BY THE ENTIRETIES. 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.
(0) "Debt Instrument" means the loan agreement or other credit instrument signed by Borrower and dated
January 30, 2013. 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
THOUSAND AND 00 /100THS Dollars (U.S. $70,000.00) 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 February 28, 2043.
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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
N/A 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]
THE FOLLOWING DESCRIBED REAL ESTATE, SITUATE IN LINCOLN COUNTY AND STATE OF
WYOMING, HEREBY RELEASING AND WAIVING ALL RIGHTS UNDER AND BY VIRTUE OF THE
HOMESTEAD EXEMPTION LAWS OF THE STATE, TO- WIT:BEGINNING AT A POINT 10 RODS EAST
OF THE SOUTHWEST CORNER OF LOT 3, BLOCK 28 IN THE AFTON TOWNSITE, AND RUNNING
THENCE EAST 3 -3/4 RODS, THENCE NORTH 20 RODS, THENCE WEST 3 -3/4 RODS, THENCE SOUTH
20 RODS TO THE PLACE OF BEGINNING.
which currently has the address of
123 EAST 6TH AVENUE
[Street]
AFTON Wyoming 83110 "Property Address
[City] [Zip Code]
WYOMING -SHORT FORM OPEN -END SECURITY INSTRUMENT
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qi 0 0')
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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.
WYOMING -SHORT FORM OPEN -END SECURITY INSTRUMENT
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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 a copy of this document and a copy of the Master Form Mortgage.
U' MASWBENT
ON Borrower
av�v
KAREN L BENTON Borrower
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HCWF #4818 6698 -6241 v2 (08/18/2012) WY- 107006 -0312
For An Indio idual Acting In His /Her Own Right:
State of k DtAA Avv
County of
This ii strument was ac_ki�o edged •efore me on i'�3 1 ,XL (date)
by 1
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of persons)
(Seal, if any)
(name(s)
TERRECE SIDDOWAY NOTARY PUBIJC
L in� r ot 1 Wyomi g
Commission lres Ju 27, 2015
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