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D. NAME OF BORROWER: Edward P. O’Malley and Faith M. O’Malley
ADDRESS: 1105 Abbington Farm Road, Crownsville, MD 21032
E. NAME OF SELLER: Patrick G. O’Malley and Valerie V. O’Malley
Dorothy Galvin
* * * * * * *
F. NAME OF LENDER: Farmers & Mechanics National Bank
ADDRESS: 110 Thomas Johnson Drive, Frederick, MD 21705
G. PROPERTY ADDRESS: 1105 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: 06/14/2000
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 225,000.00 401. Contract sales price 225,000.00
* * * * * * *
103. Settlement charges to borrower (line 1400)[16] * * *
7,327.71
* * * * * * *
120. GROSS AMOUNT DUE FROM BORROWER 232,327.71 420. GROSS AMOUNT DUE TO SELLER: 225,000.00
200. AMOUNTS PAID BY OR ON BEHALF OF BORROWER 500. REDUCTIONS IN AMOUNT DUE TO SELLER
* * * * * * *
202. Principal amount of new loan(s) 180,000.00 502. Settlement charges to seller (line
1400)[17] 2,475.00
* * * * * * *
206. Seller Financing 45,000.00 506. Seller Financing 45,000.00
207. Costs paid by seller 6,000.00 507. Costs paid by seller 6,000.00
* * * * * * *
220. TOTAL PAID BY/FOR BORROWER 231,000.00 520. TOTAL REDUCTION AMOUNT DUE SELLER
53,475.00
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)
232,327.71 225,000.00
302. Less amounts paid by/for borrower (line 602. Less reduction amount due seller (line
220) 231,000.00 520) 53,475.00
303. CASH FROM BORROWER 1,327.71 603. CASH TO SELLER 171,525.00
Page 1 of the June 14, 2000 settlement statement also
stated:
WARNING: It is a crime to knowingly make false state-
ments to the United States on this or any other similar
form. Penalties upon conviction can include a fine and
16Line 1400 on page 2 of the June 14, 2000 settlement statement showed settlement charges
to borrower of $7,327.71 consisting of $2,350 of fees and $607.81 of prepaid interest with
respect to the $180,000 F&M Bank 2000 loan, $1,501 of title charges, $2,550 of government
recording and transfer charges, and $318.90 of additional settlement charges.
17Line 1400 on page 2 of the June 14, 2000 settlement statement showed settlement charges
to seller of $2,475 consisting of $787.50 of State recordation tax, $562.50 of State transfer
tax, and $1,125 of county transfer tax.
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Last modified: November 10, 2007