- 21 -
2000 loan was not payable in full until August 2006, Edward
O’Malley and Mr. O’Malley agreed that Edward O’Malley was not to
retransfer lot 12 to petitioners in June 2005, as contemplated by
the agreement between Edward O’Malley and Mr. O’Malley. Instead,
they agreed that Edward O’Malley was to retransfer that lot to
petitioners when the refinanced F&M Bank 2000 loan was paid in
full.
Pursuant to the agreement between Edward O’Malley and Mr.
O’Malley, as modified by them when Edward O’Malley agreed to
refinance the $180,000 F&M Bank 2000 loan, petitioners made from
July 2000 through December 2005 the following payments totaling
$69,538.49 to F&M Bank on the $180,000 F&M Bank 2000 loan or the
refinanced F&M Bank 2000 loan:18
18Petitioners maintained at least two checking accounts with
Bank of America (petitioners’ Bank of America checking accounts)
from which petitioners made payments to F&M Bank on the $180,000
F&M Bank 2000 loan or the refinanced F&M Bank 2000 loan.
Page: Previous 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 Next
Last modified: November 10, 2007