- 11 -
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:
Page: Previous 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 Next
Last modified: November 10, 2007