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Show THE SAN JUAN RECORD Thursday October 7, 1982 - Page 12 rate drops to 13.5 veterAdministration lenders to VA loan Veterans lowered the basic homes and rate for single-famicondominiums by a half percentage point September 24 to 13.5 percent, said VA loan guaranty officers for Colorado, Wyoming, Utah and New Mexico. rate The drop in the home-loa- n was the fourth in the last half year. It put that rate 4 percent under that of a year ago, the loan guaranty officers said. Other VA loan guarantee rates also were reduced to: 15.5 percent for purchase of mobile home units, 15 percent to buy both a mobile home and a lot, and 15 percent for loans to purchase a lot and the cost of necessary site preparation. The interest rate for veteran or purchase of properties acquired by VA now is 13.5 percent. VA guarantees loans made by The loan-guarant- ee ly private eligible ans, widowed spouses of veterans who died as a result of service-connectdisabilities or spouses of service personnel officially listed as missing in action or prisoners of war for more than 90 days. The basic home -- loan guarantee now set at 13.5 percent is 60 a of or for maximum $27,500, percent of the loan, whichever is the lesser amount. WEATHER ed Crop damage high from rain and 30 Losses from recent rains are still being counted, and the final figure will depend on how the weather develops for the next few Some important losses weeks. are, however, evident. Some 56 percent of third crop hay was seriously damaged by the storm some fields so badly that the crop will be abandoned. . In addition to the loss to third crop hay, a some 38 percent of second crop percent of first crop had some rain damage. With the annual hay crop valued at $130 million plus, the economic setback is considerable. Good quality hay is a vital link in the milk production chain. Most of the San Juan County dry beans have been cut. Little damage has occurred so far, but another rain before threshing would cause significant losses. MOD non-veter- an Moab to get new airport land The Utah Board of State Lands and Forestry, in cooperation with the Grand County Commission, has taken steps to make land available through exchange or purchase at the site of the Grand County Airport in Spanish Valley south of Moab. Ralph A. Miles, Director of the Division of State Lands and For 7 estry, said This cooperative ac- tion by the Board will make it possible for the establishment of the Moab Airport at the Spanish Valley site much sooner than was expected. Noegotiations for land exchange or outright sale are underway. Grand County has been granted a special use lease on the state land at the airport site. This lease will permit the county to begin construction and use the state land for airport purposes until the final agreement has been completed. two-ye- ar Bringing the airport facilities back to the Spanish Valley location will improve air service to the Moab area, Miles noted. a new single-part-y telephone customer, you'll no longer rent a telephone set from Continental Telephone. Instead, youll own your own phone. Continental Telephone calls it Phownership. Recently the Utah Public Service Commission teleissued a ruling deregulating single-part- y phone sets removing them from the list of equipment which Continental rents to customers at regulated rates. ONLY NEW CUSTOMERS If youre The ruling only applies to new, single-part- y customers. It does not apply to existing customers, or to new party line customers. Deregulation was scheduled to happen regardless; the Federal Communications Commission has ordered it effective Jan. 1, 1983. But both Continental and you will benefit from it. Heres how: Continental Telephone will benefit by being able to position itself for the more competitive marketplace of the future. And as more customers purchase their own telephone sets, capital will be freed for Continental to invest in service expansion and improvement projects. Morris Nelson Monticello, Utah Phone 587-25- 21 STATE FARM MUTUAL Automobile Insurance Company Home Office: Bloomington, 111. BENEFITS FOR YOU 4 But youll benefit even more. Youll be able to choose any style of telephone set in any available color to match the decor of your home. Youll save on installation fees when you simply plug in your own phone into the modular jack inyourhome. You'll save the monthly rental fee youd otherwise pay to Continental for a telephone set If you move, disconnection and reconnection be a simple matter; youll just unplug your phone from the old residence and plug it in at will your new home. ... FREE KIT If youre already a telephone customer and your home doesnt have modular telephone jacks. Continental will give you absolutely free a modular conversion kit with simple instructions when you purchase a modular telephone set. Stop in at your Continental Phone Fair. There are more than 20 kinds of phones do-it-yours- elf to choose from. Deregulation and Phownership: They mean a more competitive telephone industry and greater freedom of choice for you. Thats the shape of the future at Continental Telephone of the West. Continental Telephone of the West |