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D. NAME OF BORROWER: Kevin R. O’Malley and Kelly M. O’Malley
* * * * * * *
E. NAME OF SELLER: Patrick G. O’Malley and Valerie V. O’Malley
Dorothy O’Malley Galvin
* * * * * * *
F. NAME OF LENDER: Farmers & Mechanics National Bank
ADDRESS: 9337 Liberty Road, Randallstown, MD 21133
G. PROPERTY ADDRESS: 1104 Abbington Farm Road, Crownsville, MD 21032
H. SETTLEMENT AGENT: Mid-Maryland Title Company, Inc.
PLACE OF SETTLEMENT: 900 Bestgate Road, Suite 104, Annapolis, MD 21401
I. SETTLEMENT DATE: 12/02/99
J. SUMMARY OF BORROWER’S TRANSACTION: K. SUMMARY OF SELLER’S TRANSACTION:
100. GROSS AMOUNT DUE FROM BORROWER 400. GROSS AMOUNT DUE TO SELLER:
101. Contract sales price 318,000.00 401. Contract sales price 318,000.00
* * * * * * *
103. Settlement charges to borrower (line 1400)[10] * * *
11,665.26
* * * * * * *
120. GROSS AMOUNT DUE FROM BORROWER 329,665.26 420. GROSS AMOUNT DUE TO SELLER: 318,000.00
200. AMOUNTS PAID BY OR ON BEHALF OF BORROWER 500. REDUCTIONS IN AMOUNT DUE TO SELLER
* * * * * * *
202. Principal Amount of new loans 254,400.00 502. Settlement charges to seller (line
1400)[11] 3,498.00
* * * * * * *
206. Second Mortgage from Seller 47,700.00 506. Second Mortgage from Seller 47,700.00
207. Closing Costs paid by Seller 15,900.00 507. Closing Costs paid by Seller 15,900.00
* * * * * * *
220. TOTAL PAID BY/FOR BORROWER 318,000.00 520. TOTAL REDUCTION AMOUNT DUE SELLER
67,098.00
300. CASH AT SETTLEMENT FROM OR TO BORROWER 600. CASH AT SETTLEMENT TO OR FROM SELLER
301. Gross amount due from borrower (line 120) 601. Gross amount due to seller (line 420)
329,665.26 318,000.00
302. Less amounts paid by/for borrower(line 220) 602. Less reduction amount due seller (line
318,000.00 520) 67,098.00
303. CASH FROM BORROWER 11,665.26 603. CASH TO SELLER 250,902.00
Page 1 of the December 2, 1999 settlement statement also
stated:
10Line 1400 on page 2 of the December 2, 1999 settlement statement showed settlement
charges to borrower of $11,665.26 consisting of $3,459.75 of fees and $1,437.53 of prepaid
interest with respect to the $254,400 F&M Bank 1999 loan, $2,385.04 of county property taxes,
$1,605 of title charges, $2,778 of government recording and transfer charges, and a downward
adjustment of six cents for an aggregate analysis adjustment to F&M Bank.
11Line 1400 on page 2 of the December 2, 1999 settlement statement showed settlement
charges to seller of $3,498 consisting of $1,113 of State recordation tax, $795 of State transfer
tax, and $1,590 of county transfer tax.
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Last modified: November 10, 2007