Patrick G. & Valerie V. O'Malley - Page 11




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          trust provided in pertinent part:                                           
               Borrower [Kevin O’Malley] owes Lender [F&M Bank] the                   
               principal sum of Two Hundred Fifty Four Thousand Four                  
               hundred and no/100 Dollars (U.S. $254,400.00).  This                   
               debt is evidenced by Borrower’s note dated the same                    
               date as this Security Instrument (“Note”), which pro-                  
               vides for monthly payments, with the full debt, if not                 
               paid earlier, due and payable on January 1, 2030.  This                
               Security Instrument secures to Lender:  (a) the repay-                 
               ment of the debt evidenced by the Note, with interest,                 
               and all renewals, extensions and modifications of the                  
               Note; (b) the payment of all other sums, with interest,                
               advanced under paragraph 7 to protect the security of                  
               this Security Instrument; and (c) the performance of                   
               Borrower’s covenants and agreements.  For this purpose,                
               Borrower irrevocably grants and conveys to Trustee, in                 
               trust, with power of sale, the following described                     
               property located in Anne Arundel County, Maryland * * *                
               [Lot 5].                                                               
          On December 16, 1999, the December 2, 1999 deed of trust was                
          recorded in the land records of Anne Arundel County.                        
               We shall refer to the above-described events occurring on              
          December 2, 1999, as the December 2, 1999 transaction.                      
               Page 1 of a U.S. Department of Housing and Urban Development           
          (HUD) settlement statement (December 2, 1999 settlement state-              
          ment) prepared with respect to the December 2, 1999 transaction             
          showed the following entries:                                               
















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