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Show HELPER THE (Utak) PAGE FOUR JOURNAL THURSDAY, CASTLE GATE NEWS By Helen Houghton OCT. 15, 1970 BANKS ARE MAJOR LENDERS TO FARMERS Recent visitors ito California & Mrs Wfflard Craig. in the San Francis visited They co and) Bay areas. Mr iamid Mrs Kent MiUier were honored at & wedding reception alt Hunitington Saturday evening. Kent is 'the son' of Mrs Rheta Mi&r. Sundlay visitors at the home of Kate Onton and Eva were Mr and Mrs Russ Alien and Mrs Mary Callcutte and sons, all of Draper. Saturday visitors ait the home of Helen Houghton were Mr and Mrs Eugene Halverson, Diane and! David of West Jordan and Mr and Mrs Bareld Boymtom, Cory, Mark, Cathy & Craiig of Salt Lake City. Weekend visitors at the Lynn Wilstead home were Miss Clau dia Wilstead of Logan and Mrs Peggy Wright and Kenidra of wer eMr Brmeftam City. Mr and Mrs Jim Richens and family of Salt Lake were week end vi'sitors at the Mel Taylor home. Mr and Mrs Fay Thacker were hnmnred on their 47th wed ding anniversiary by a dinner and party held in Spanish Fork at the Jack Leifson home on Saturday. Twentyfive children on wer and igrandchildiren hand to greet them. Typewriter Ribboss. All on Sale at Journal Utah banks were providing farmers with more credit ari'd other financial S'ervices than any other igroup of institutional lenders at the beginning cf this i Bankers Association, Mr. Jensen reported that at the beginning of the year, Utah banks were helping farmers with $69 million in Joans, eight percent more than a year previous. This (total included $59 million in production loans and $10 maLMon in farm mortgages. At the sarnie time, $15 million in farm loans was held by life insurance companies; $33 million by the Federal Land Banks, $24 mM'Oo by Production Credit Associations ; aind $12 million in non-reestate loans, plus $1 million in real estate leans by the Farmers Home Administration'. About 62 percent of the l estate credit extended by tenting institutions to Utah farmers came from banks. HOME BUYER Marty normal home buying transactions begin with the buyer signing a purchase contract subject to obtaining owner's title insurance and fJi paying a 4-- H jc, his procedure that McAuliife, Jr. follows will in clude a short period when, in spite of what is done to protect the buyer, the security of his investment will be subject to certain possible risks. After the contract is signed, the "earnest money" paid, and the owner's title insurance ordered, the title company starts work, based on a search of separately located public records, to bring evidence of the land title on the property down to the approximate date of signing. This step is to check for matters of record that might indicate a development in the past that could threaten the buyer's real estate investment. Next, the title company issues a preliminary report on the title which often discloses a number of items to be cleared up before the owner's title insurance policy can be state's farmers." The increased use of credit by farmers, aeecircTm 9 Jensen, has1 been accompanied Centra! Commissioin' ..23 Bon-BSalon .. .. 18 13 by a substantial gain in the 14 total assets of farm families. 18 Matador Lounge Chuck's Pharmacy ..17 15 Therefore, in the aggregate, 16 15 the equity position of farmers, Rio Grande Vets 14 300 Club 18 con'trary to public opinion, is 12 20 being maintained at a satisfac-tor- v Cola Pepsi level. Nationally, farm 22 9 II Kings have $249 billion of families Highs: Barbara Hughes 179 their own funds invested in ag 528, Donna Jensen 192 516, EdPI ith Tone 183.509, Ann Paletta riculture. This represents reof total the capital 185 495, May Hilton 200 494, percent of farmers. Virginia Taskar 211 486, Nor-in- e quirements Jewkes 179 486, Elsie GarMr. Jensen stressed the im ner 506. portance of farmers and bank- LEAGUE OF NATIONS .... .... J . issued. The previously-mentioneactivity, and a waiting period that generally is encountered before the closing, mean that a number of days pass between the date the buyer signs the contract and the time he closes and the deed is recorded. There are possible risks that can develop between the time the buyer signs the contract and the day the deed is recordedrisks that can emerge before the title company conducts its further search of public records for problems that may have occurred over those final days, and goes on to make its decision on issuing thi d PRICE TRADING m owner's title insurance. Examples include matters relating to death, marriage, and mental incapacity of the seller; rendering of a judgment against the seller; and others. Before you purchase a home, ' you will want to check on ways to safeguard your real: estate investment over the peri-- : od between signing of con- -' tract and recording of deed, One familiar method used byj real estate buyers, .sellers lenders, and" other investors in escrow a technique to safely transfer designed property to the buyer and pur?', chase money to the seller. In an escrow closing,' the seller deposits his evidence of( title and other necessary docu-- ; ments with the escrow agent.'. The buyer in turn deposits with the agent his purchase, money and all necessary documents relating to the mortgage.! Both seller and buyer state in writing their agreement with regard to obligations (such as taxes and insurance), and set a time limit for termination of the escrow after which the parties concerned can reclaim their deposits on demand; The escrow agent record the deed transferring title to the buyer and applies for the further title search covering the period from contract signing up to date of recording, the deed. When the title company is ready to issue owner's title' insurance to the buyer,' and all other escrow conditions are met, the escrow agent pays all recorded obligations; distrib- ''earnest money". The rtkVI VViMiam nra-rea- HOME FUnrilSlIINGS WM. J. McAULIFFE. JR EXECUTIVE VICE PRESIDENT AMERICAN LAND TITLE ASSOCIATION BY Escrow A Safeguard al ar 4-- H CLINIC year, according to Dennis D. Jensen, Asst. Cashier, Carbon Emery Bank, who represents the Utah Bankers' Association as Carbon County Key Banker. During 1969, the banks maintained their leadership in agricultural credit services. Mr. Jensen said that "bankBased on the 29th annual fiamm Jeirddng summairy of the ers in Utah are conscious of Aisnicuiltumal amid Rurail Affairs the large capital investments today Oomimiilttee of The American required in agriculture and are making a concerted effort 'through improved lending programs1 to meet tihese changing credit demands of the i have ito lassacaiate with county agents amid iaJ.1 the others at the Extension Service. eives you a chance to (Continued from Fag, One) discover yourself. It helps you iriAtto .and creed, membm f-find and develop your personlearn respect and love. in cnoosing a, of doing ality. It helpsthe gives you the For career. person who Have something independently. to be on the go. and yet likes J.!. you ever seen we iace oi a fhn at the girl who has Tilwo just same .tune, it is Are ww? ana pieasea i you nofaced the proud;Step of enZvw! vzws ago. I found the boy who tods tas mentonefI m a short story sia? prize steer out of the At ft me j Or how about the giirl wlho re-- i how widespread realize didn't ceaves a superior riating on her program is. first demonstration or the boy the is fun, educational, ana who took firsit pace an the puib lk speaking contest? What can iS " h: mnrP than ntW : micitM .a wnmnprn aouuuuuu- . - wnr-rvlol7inig JNatiomal rniviciThincr nfCongress at 1XV . .n incivc aviuim'ua lJ loaa; Chicago for a job well done? himself before he grows up is not all play. You have to work to earn recognition, but completely. has sometiidng for everythough the work is hard, it's one. Like to cook? A foods pro fun. There is a lot moire satisis just for you. Is sewing faction in earning praise if you gramhobby? There's a yur fnir wwi too. There are reaiy eiarn it. For example The day (or night, rather) be-- proiects in horses, livestock, in fore the county demonstrations, The hery ewtomology. etc. You my partner, Paula Santi, and 'mearly endless I stayed, up until 4 o'clock learn a lot. about your working on ours. We were up ; projlCt by actually doing things brush-wer- e before 7, hard at it again. We m,aking biscuits or pretty tired, but it was jrg Worses, worth it .all we won the trip jn ci0,sjng, I would like to to the State Fair! j say h0 wrrmch I.raalv enjoy Many's the time I have stay- - this wondierful program I do ed up past midnight working not think that any ether club on record books, preparing a could be so valuable and or cleaning up horses fog to ittiie youth of America as for the show the next morning 4.H is. Everyone who doesn't at 9 o'clock. take advantage of the opportun is missing much to chance a In ity to join you get knows. I feel so he than work with all typs of people, more .ncse in for fortunate being club there fare Fi(rst, your am and reaiiy six years, members, your age, older and past younger. Your leaders are next Poking forward to tae in line. Then, of course, you jears ahead. EXPERIENCES 4-- H hd. w tet 4-- H 4-- H 4-- H PRICE, TO THE 1 4-- 1 "Trusted Trading Since 1890" ECONOMY-MINDE- HOME-MAKE- D 1 j excit-speec- h, I Hotccrd Kerthner 4-- iun-iuie- Mohawk Nylon Carpet TEXTURED AND PLAIN SCULPTURED utes the net proceeds and documents; and otherwise carries out the escrow agreement. .For free literature on what you need to' know in buying a FOR A GOOD TIME write American Land Title Association, 1828 L Street, N.W., Washington, D.C. home, THE NEW - 20036. r""ia Dancing - Beer - Pop - Dancing Spring Glen Main Street Open Daily kit V Edward Roue of forced sharing The concept the fruits of productive d effort with is repugnant to those who have spent their lives in honest effort to provide for themselves and their families, supporting, church and community and providing a sense of community stability that they do not wish to see destroyed. The fact that the church has endorsed such a concept of able-bodie- PATTERNS sion. $g95 sq. yd You Will Be Spending More Time Indoors The Next Few Months Why Not Enjoy It - Carpeting Will Do It For You ! -- 15 COLORS TO SELECT FROM The battle is to be won only with ideas, ideas governing human behavior, and there ore no turer (standards of human behavior than those spelled out in the Bible. This is the church's province, and the further the church strays in it3 teaching and preaching from these fundamental truths, the lesa effective it becomes as a force for good. Until we change our present concepts of centralized planning for all, and the use of force to provide benefits for one segment of our population at the expense of the other by legalized theft, we will continue to sink deeper e into the tnire of our irresponsible godless morals. , self-mad- , I it Accounts Handled in Our Store AS LOW AS 10 TT1 ChrutHin Frrtinm FoKHuIto H'. Sixth ktrrtt Lot Angela, Calif. tOCOt 1 DOWN A Company Dedicated to Community Service Phone 637-118- 1 PRICE ! J i-T- l J W y UNION MARKET YORKSHIRE 9 L & 1 M rat I v. N i: rs y 5 S it lVi a for s. il 4 lbs M M Hc y without Coupon 59c q Mrs Buttenvorth's 10c OFF Zi oz. ipbipipbis rrz IFi?si? IPapei? CORNER OF JANET AND MAIN ST, y V CAN PANCAKE MIX M v FOODS NO. M M M M M M M M M M 4nc ib (o)(pV ntrnnm nmt-Bfis- ns lb ID mm F Li BLACK LABEL mum steak i MORTUARY GRANT C. FAUSETT 4 IZXSZ '1 mim eg ? t0i9 FAUSETT 1 Prices Oct. 15, 16, 17 u PMriMti hut AT YOUR HOME AT YOUR CONVENIENCE TERMS TO SUIT YOUR BUDGET FUN-SPO- T Polka Palace forced sharing has created FREE ANY TIME! E doubts 'in the mind3 of many church members. The church institutionally has no ripht or justification to enter the political arena to make its influence felt. To do so is very clear evidence that the church as an organized entity is willing to use the police power of the state to achieve it3 moral objectives. The (Tect of such action has already created untold mischief within the church body and diverted the energies of the church from its primary mis- ESTIMATES a . The Church and Politics 20-Gra- nd at only 4-- H 4-- WE OFFER R MOfTl'S Deer Hunter Special IS BOTH po-mn- m 4-- H COMMENTARY h UTAH . 4--H people. CO M PA N Y . TT, 7m V"'. ' w- i 33 North Carbon Ave. Je j ers w'orkinig closely together to' nine out of 10 insured banks ar- - throughout the country had ar improve farm financial He reported' that ncuitural loans outstanding, rangements. with 90 percent of the banks in Utah extending credit to farm KERSHNER-ROW- Sft ld Aspen feC 100 foot size PHONE: 472-53- 61 V |
