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HomeMy WebLinkAbout972655After recording, return recordin information to 2O1 Vanf- American Title, Inc. PO Box 641010 Omaha, NE 68164 -101 0 M Reference Number: 20131707500089 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 25, 2013, together with all Riders to this document. (B) "Borrower" is DE MONT BRAD GRANDY AND PAMELA B. GRANDY, HUSBAND AND WIFE AS JOINT TENANTS, AND NOT AS TENANTS IN COMMON, WITH FULL RIGHTS OF SURVIVORSHIP. 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 25, 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, TWENTY THOUSAND AND 00 /100THS Dollars (U.S. $20,000.00) 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 25, 2043. WYOMING -SHORT FORM OPEN -END SECURITY INSTRUMENT (page 1 of 5 pages) Documents Processed 07 -25 -2013 16:47:54 HCWF #4818 6698 -6241 v2 (08/18/2012) 1Y- 107006 -0312 [Space Above This Line For Recording Data] RECEIVED 8/14/2013 at 2:58 PM RECEIVING 972655 BOOK: 817 PAGE: 813 JEANNE WAGNER LINCOLN COUNTY CLERK, KEMMERER, WY 0813 Account Number: 682 682 1555677 -1 xxx N/A Leasehold Rider N/A Third Party Rider N/A Other(s) [specify] N/A 0814 (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]: (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: ALL OF LOTS 2 3, OF BLOCK 1, OF THE HEWITT ADDITION TO THE CITY OF COKEVILLE, COUNTY OF LINCOLN, STATE OF WYOMING, THE SAME BEING A PART OF TRACT 82. which currently has the address of 410 6TH ST [Street] COKEVILLE Wyoming 83114 "Property Address [City] [Zip Code] WYOMING -SHORT FORM OPEN -END SECURITY INSTRUMENT HCWF #4818 6698 -6241 v2 (08/18/2012) wr- 107006 -0312 of Lincoln (page 2 of 5 pages) Documents Processed 07 -25 -2013 16:47:54 MASTER FORM MORTGAGE WYOMING -SHORT FORM OPEN -END SECURITY INSTRUMENT HCWF #4818 6698 -6241 v2 (08/18/2012) WY- 107006 -0312 0815 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. 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. (page 3 of 5 pages) Documents Processed 07 -25 -2013 16:47:54 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. DE MONT BRAD GRANDY Borrower PAMELA B GRANDY Borrower WYOMING -SHORT FORM OPEN -END SECURITY INSTRUMENT HCWF#4818- 6698 -6241 v2 (08/18/2012) WY- 107006 -0312 O8I (page 4 of 5 pages) Documents Processed 07 -25 -2013 16:47:54 For An Indiv'dup.l Acting In His /Her Own Right: State of k County of This inOruinent wa acknowledged before pie on tiOdAt by Ut_%01V y1/4f,a 6( kk3 of persons) (Seal, if any) LESLIE NATE NOTARY PUBLIC STATE OF, IDAHO My Commission Expires: (name(s) 0817 6-?'2_60-1 WYOMING -SHORT FORM OPEN -END SECURITY INSTRUMENT (page 5 of 5 pages) HCWF #4818 6698- 6241v2 (08/18/2012) WY- 107006 -0312 Documents Processed 07 -25 -2013 16:47:54