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Show I poor copy sj Page 4 June 4, 1980 Sun Chronicle Sun Times Owning a home can be beneficial percent, the monthly payment would be $476. Should they wait, hoping for a rate drop, or should Ihev buy? Its better to buy, and heres why: Over the next year, the at It.still makes good sense to buy a home, no matter how ou look at it. Its a question of watching your capital or gradually grow r 'l disap-pe- a ake the hypothetical case Economics and Research Division of the National Association of Realtors is predicting at least a 10 percent increase in the median price of single family homes. The actual appreciation rate could range anyw here from 10 to 14 percent, dej ending on the severity of the housing of John and Mary Smith: Theyve boon scrimping and iWrll'fif1 MAJESTIC WALNUT FLINTLOCK 316x4x7 1st made Simulated woodgrain on hardboard backing. CASTLE GOLD 316x4x1 2nd grade simulated on lauan plywood. saving for a downpayment for five years. Their last savings deposit brought their account to $10,000. They contacted a realtor and in no time found a li'l that fit their needs. Asking jrice? $60,000. Finding financing was a headache. Like so many 316x4x1 Simulated woodgrain on lauan plywood. $49 home split-lev- shortage. If the Smiths opted to wait until rates dropped to 11.75 percent and, in the mean- others, the Smiths were discouraged and intimidated by high interest rates. Their lender was quoting 13 percent. Translated this meant that on a $50,000, $J99 time, home prices increased 10 percent, the price of the Smiths home would then be $66,000. They would end up paying $2.08 more a month . This may not sound like much, but over the 30 year life of the loan, the delay would have cost them $748.80 30-ye-ar loan, the monthly payments would be $553. By way of comparison, when rates were at 15 percent, the monthly payment was $632; REGAL WALNUT 5 1st grade 316x4x716 Simulated woodgrain finish on lauan plywood. LDS church takes a look at alcoholism Gris & Dicks FENCING! Perrins President Spencer Kimball has upheld W. an said and civic, educational religious organizations to Another 10,000,000 are problem drinkers, and that approximately 450,000 of in observance and to do to :l!cviate !hc great sintering . o', ed by the pn bi ms ol H. (1 cedar 1x6-- 6 h. 2 cedar 1x6-- 6 ft. 3 ruttlc cedar 2x4-- ft. cedar stand and better. these possible (FIREPLACE SHOP END OF SEASON earned their letters. Dee Choate is their coach. Seventh Ward Janies Whinham has been MARCO CIRCULATOR fireplace. food. just returned from serving in the San Jose, California mission, will be the speaker and D6C0UNTED ODD & END CABINETS .9 While Stock Lasts I -- ,? Simmons, Eddie Griffith and John Tipper. Their coach, Mike Fife, had previously received his The Donald James Howell family has been welcomed as new ward members. Ryan Hess, son of Cathy Hess lias been baptized and was confirmed by Martin Hancock. Roy Ninth Stake Ninth Ward Phyllis Skidmore has been released as Relief Society Home Making lesson leader, Third Ward The baby daughter of Keith and Florence Ricks has been blessed by her father, and named Debra V 4 x4x4 Jean. SHINGLES Fourth Ward The Varsity Scouts were za dinner treated to a recently. They v re the first Stake to team in the F earn their Vi .ity Scout Letter. FIREPLACE SETS FIRST GRADE Guarantee BLACK AS LOW AS 25.. $J9S LOWEST PRICE ON NO. 1 SHINGLES IN THE STATE OF UTAH. DIMENSIONAL LUMBER & Derek Grange, Kathy Ray as Mother Education leacher, and Ramona Bingham, Primary teacher. Marilyn Cragun has been sustained as chairman of the Activities Committee; Barbara Kohli, Cultural Arts Gary DeGroot, and Dave Calvert Pardon our error we omitted Allreds name undei .Somehow Chi istic YOUR KITCHEN the picture of Linda Baird'.-Ia.kltes last week She s the gn with the hi ichl smile, leaning over on lim tight side of the photo Ve wish he i well , (kirk-hane- We'll show you how to do it yourself and save money. d New officers to be installed New officers will be in stalled at the Lakevuw HPW club on June 12 at 7 pm. for the monthlv DIMENSION LUMBER AT DISCOUNT PRICES SPECIAL ON FULL UNIT LOAD ALL ITEMS SUBJECT TO PRIOR SALE. meeting. It will be held at the Country Garden Restaurant, 175 E 200 S , Clearfield Call Elizabeth Brown at lor reservations. A CMS & B been Have you driving 6 years and have a good drhrbtg record? Our low rotes will surprise you. THE WALL PANELING KINGS " Open 9 7 sober lives is very often repeated. We urge our members and people everywhere to be aware of the great sorrow and tragedy that can be caused by alcohol, and to do all within their power to avoid or overcome the problem in their lives," on-- t President Kimball laded. a.m. to 7 p.m. 972-873- 8 e 1555 West 3500 South (1 Block East of Redwood Rd.) OPEN SUNDAYS 1 0 a.m. to 3 p.m. Cal i 776-162- 6 MORSI IMS. A6EMCY 1920 W. 5200 So. Roy, Utah 84067 Phyllis The script for the Mormon Miracle Pageant has been around foi a long time Author Grace Johnson felt a need to tell the history of the Mormon people as a lecture scries to the Kiwanis and Rotary clubs in New England in 1347. From there it spread to Salt Lake City, presented at the June Conference of the LDS Church That year, and was published I Deseret Book Company. After Brigham Young University made a presentation of it in 1964, it really caught hold. In 1968 it became an annual event at Manti Temple Hill. Attendance at the Pageant has increased each year since its start, and even last were crowds year estimated lietween 8,000 to 10,000 on the slowest nights and up to 30,000 on weekend nights. It is one of the biggest outdoor theatrical events in America. The Mm mon Miracle Pageant is a religious drama. It is the story of the balloon payment. This means that the buyer would be paying a mortgage payment to the seller each month as if the mortgage loan, but in was a three years the loan would be due and the buyer would have to obtain new financing to pay off the debt to the The title would seller remain with the seller until the balloon payment was made. . From the buyers perspective, contracts can be attractive since no closing costs, other than attorney fees, generally are incurred. Ramona Skidmore, Welfare representative, fcileventh Ward Tyler Curtis, son of Bill and Diane Curtis, and Stephanie Wright, daughter of Curtis and Caroline Wright, have been baptized and confirmed. Mrs. Wayne Wilcox was given (he "name of Conrad Taylor Wilcox. First Ward Kent Lynn Pitcher has been baptized and confirmed by his father, Scott Pitcher. Several girls in the Young Mutual Womens have Gold received their Tw-ent- Greener, Ruth Toyn, Cindi Meyers, Kathie Weir, Sheryl Meenderink, Heidi Zandel, Terrie Rhodes, and Frances Rcitzel. Roy West Stake First Ward Steve and Susan Miller had their baby blessed on .Sunday, and named Sherri Ann. She was blessed by her father. Congratulations to Doug Roskelly on receiving the Duty to God Award. Hes a son of Frank and Doralene Roskelly. Mormon people, since 1820. portraying their Westward trek, and dramatized flashback scenes from the Book of Mormon The story tells some of Ihe history of a people who lived on the American Continent hundreds of years ago, as in be had. If the Smiths went for a contract (with their sellers approval) and the terms were 10 5 percent interest with a three-yea- r balloon and they put down 20 percent, they would be paying $457 a month compared with had they accepted $553 conventional financing. Once the contract was set, they would have three years to shop around for new financing. Other financing alternatives such as mortgage assumptions, agreements, second lease mor- tgages and installment sales, not to mention FHA and VA loans are available in nearly every market. Just as your realtor. No matter what financing avenue you chose, the argument stands strong: Dont wait to buy a home; it just doesnt make sense. legal Mottoes BEFORE THE BOARD OF OIL, GAS AND MINING DEPARTMENT OF NATURAL RESOURCES in and for the STATE OF UTAH IN THE MATTER OF ADOPTING RULES AND REGULATIONS FOR THE PURPOSE OF ESTABLISHIN G THE ABANDONED MINED LAND RECLAMATION PROGRAM PURSUANT TO PUBLIC LAW NOTICE OF HEARING C a use No. OSM-00- 8 95-8- 7. STATE OF UTAH TO ALL PERSONS INMINED LAND IN ABANDONED RECLAMATION OPERATIONS IN THE STATE OF UTAH. Under the provisions of chapters 8 and 10 of Title 40, Utah Code Annotated, 1953, as amended, and Public Law Surface Mining Control and Reclamation Act of 1977, the Division of Oil, Gas, and Mining is hereby given authority to make and promulgate rules and regulations for the proper administration of the Acts. Notice is hereby given that the Division of Oil, Gas, and Mining has prepared a set of rules and regulations for the the abandoned mined land purpose of establishing A reclamation program pursuant to Public Law hearing will be held on Wednesday, June 18, 1980, at 10:00 a.m., in the Division of Wildlife Resources Auditorium, 1596 West North Temple, Salt Lake City, Utah, for the purpose of adopting said rules and regulations. Anyone interested in the adoption of, or .the changes and revision thereto, shall appear and he heard on the above date. (A copy of the proposed rules and regulations may be obtained from the Division upon request) . Dated this 29th day of May, 1980 STATE OF UTAH DIVISION OF OIL, GAS, AND MINING 95-8- 95-8- Paula Frank Secretary o( the Board Medallion Awards. They included Jack Facer, Jodie recorded Mormon Bargains on interest rates and subsequent reduced monthly payments can also THE Bingham, Mother Education teacher; Connie Murdock, Homemaking lesson leader; and For instance, its very possible that the seller of the Smiths dream home might be willing to sell on a contract or, in other words, function as the mortgagor for a temporary time. A typical contract might have the seller requiring a 10 percent downpayment at 10.5 percent interest, amortized over 30 years with a TERESTED Miracle pageant tells history of mormons FENCING DIMENSIONS ARE APPROXIMATIONS EDWH. church this Sunday. The stake camp will be the scene for the ward outing on June 20 and 21. Plan to attend with your family. Eighth Ward The fathers and sons outing will be this Friday evening ami Saturday at the stake camp, beginning at 6 p.m. Dinner will be served at 6:30. letter. 'ax 4x8 who has in recently received the Eagle Scout award. Four Varsity Scouts received their Varsity Scout letters. They were Dee Kevin Breitwiser, ASBESTOS 316x4x8 316x4x4 Jenny Kelly Anderson, Mark Hansen, son of Harry and Pat Hansen WE STOCK to the bishopric, Cowan as Primary nursery leader. ' Reg. $238.95 Executive Secretary 11. 189" Zero clearance heat circulating built-i- n as icleased Hooper Slake Center. Games food and fun highlighted the night as approximately 200 youth leasted on the fine Second Ward The Varsity Scouts and Explorers are planning an exciting raft trip down the Green River, July 8 through SALE 972-873- into the homeownership ranks with a significantly lower interest rate. all members from the Roy stake participated in a Regional Giaduation party at the 15 Yr. are inkers ib' Other inflation statistics offer an even more compelling argument for buying now. In the last 10 years, the median price of a home has risen by 124 percent. In other words, a home purchased for $28,000 10 years ago would be worth roughly $63,000 on today's market. If inflation continues, the same home 10 years from now could be priced at $141,000. little theres Also, likelihood that salaries will keep pace with inflation. Family incomes rose 83 percent in the 1970s compared with the home price increase of 124 percent. Homeowners, therefore, who have dwellings worth twice as much as their incomes keep pace with inflation at least in this one area. Whats more, should the Smiths opt for creative financing alternatives, they probably would be able to get Roy LDS Church news specialist; Roy Stake 2401b. Kimball Jhus a cycli of teenagers. brok n homes and destroved Senior class SAVE. Elder Alcohol Awareness period in Utah and urges citizens of all cveivthing 1x4-- 6 8 We are told alcoholism that an estimated 10,000, 000 Americans are alcoholic, lly Glen 2 1x4- - 11 the Book of Perhaps it is the inherent need for all of us to believe and know that beyond this life of hardship, turmoil, pain and frustration, that there is a source of strength w here we can turn for help to carry our burdens. It may be that it is in the promise of eternal life, that in this troubled world, the Lord has not forgotten his people, and still speaks to us today through his Prophets. But it is a rich reminder of the impact of the Mormon story and Mormon beliefs. The dates for the 1980 Mormon Miracle Pageant are: July 10, 11, 12 and 15 to 19th. Starting time is 9.15 p.m. and admission is free. Notice of Adoption of Ordinance Notice is hereby given that the Roy City Council adopted Ordinance No. 525 on May 20, 1980. Said ordinance rezoned the southwest corner of 5200 South 2700 West from RE-2- 0 to R-- 3 for Petitioner Wes Barton, said property being fully described as follows: Part quarter R2W, of the Southeast of Section 15, T5N, SLB and M, U.S. Survey: Beginning at a point 2 rods South of the Northeast corner of said quarter section and running thence South 107 feet; thence West parallel with the North line of said quarter section and to the West line of the of the Denver and Rio y right-of-wa- Grande Western Railroad; thence Northwesterly along the West line of said 107 feet, more or less, to a point 2 rods South of the North line of said quarter section; thence East parallel with the North line of said quarter section to the place of beginning. Laurel M. Smith Assistant Recorder y right-of-wa- Notice of Adoption of Ordinance Notice is hereby given that Ihe Roy City Council adopted Ordinance No. 524 on May 20, 1980. Said or- dinance eliminated the requirement of schematic architectural drawings from the preliminary requirements for a CP-development and added the the developer shall submit all deemed evidence necessary by the City Council and-o- r Planning Commission relating to his ability to undertake and the complete proposed project. 2 words and complete to the last sentence, requiring that Laurel M. Smith Assistant City Recorder Notice of Special Meeting The Roy City Council will conduct a special budget meeting on June 10, 1980, at 5:30 p.m. at the Roy City Municipal Building Cour- troom to continue a review of Ihe Fiscal Year 1980-8- 1 General Fund Budget and Utility Enterprise Fund Budget. Any interested persons are welcome to participate in the discussion. All budgets are available for public inspection at the Roy City Municipal Building, 5715 South 2200 West. M. Smith Assistant Recorder Regional dance festival scheduled DENTURE WEARERS A major advancement CUSHION GRIP DENTURE ADHESIVE one application holds comfortably yg tg 4 ayj The Church has always lieen supportive of dance, along with other activities. Tales of the dame around Ihe camp fires of those who can e West are part of our folklore. Reflecting international the Church's organization, the dance festival will leature dances from various nations. The festivals theme is 150 years of dance, with styles including waltz, foxtrot, swing, polka, charleston, square dance, cha cha, samba and disco. Participants in the legional dance festival he church members of West and North Stakes, Stake and Hooper Stake. event will be held in the North Stake Gym, will Roy Roy The Roy Wed- nesday June 11 at 7:30 p.m. The stake building is loeated at 2000 West 4900 South in Roy. It is free to all. |