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Show f I 1 Sun Advocate Price, Utah Tltesday September 0, 2002 9A Me Valley anniversaries Jacob Perez . vT jr tJ'U.-W i fc, . j $ . Jacob Perez has earned the rank of Eagle Scout and win be recognized at a court of 1 Dan and Athlen Keller i n4. ' In celebration of the 50th wedding anniversary of Dan and Athlen Keller, the couples children will honor them at an open house Sept 14. The anniversary open house will be presented foom2tD4pjn.it the Price 4th LDS Wud Church, located at 545 East 400 North. Following the reception, there win beaprogram at 4p.ra for friends and family. The Kellers were married Sept 15, 1952. They are the parents of seven children. They have 21 grandchildren and one No gifts, please. hooorSeptl4. The court of honor is scheduled at 6pjn.atthe LDS Institute bunding afthe , college in Price. Jacob is the son of Elias and Lori Perez. He is the grandson of Deen Gibbons. Jacobs Eagle project involved constructing and in--l three benches at the ; at the Carbon County Rurgrounck . great-grandchil- d. v 1 v ' v ,J1 UUm Teddy Ifcddy Prttyman Consider potential benefits, limitations before opting to trade home equity for rash from reverse morigage OscarPrettyman, the son of Lee and Linda Pret- a, will receive his Eagle t award at a court of honor Sept 14. The court of honor will start at 6 run. at the LDS Institute building at the college in Price. Fm his Eagle project, Tkd designed and oversaw construction of a decorative foun- -. tain at Parkdale Care Center. S -- -- w ylw in WE i of the homes during the time in question and are responsible for taxes, insurance and repairs. The amount of money individuals receive from a reverse mortgage depends on their age, the homes value and the loan program they choose The money can be paid to people in a lump sum, in regular monthly payments or in other amounts the consumers choose. The proceeds can be used for anything, including regular living expenses, home repairs or even ByiOHNFORD Financial adviser A home is a wonderful pos-- Ahome provides a family with aplace to live, a valuable tax and an investment that in value. rises usually For Caibon County residents who are older than 62 years of age, homes may also provide an important source of revenue. A reverse mortgage can provide residents with money in ex--. change for a homes equity and travel. and SoProceeds are can be a good move for people who are house rich, but cash, cial Security and Medicare are not MThYhi poor. A reverse mortgage is a loan Keepinmind,arevexsemort- that allows people to use equity in homes to receive cash while mterest when the last surviving they continue to own and live in borrower dies, sells the home or thedweUiflg. permanently moves away. ft might be helpful to compare Upon the borrowers death, the individuals heirs can repay a reverse mortgage to a tradithe loan and keep the home or tional or forward sell the home to repay the loam When local residents! An individual can never owe financed their homes with forward mortgages, they probably more than the homes value at the ' made a down payment followed time the loan is repaid. by monthly paymrats overanum-,,b$- r r : ofyears,, You Know? The consumers exchanged ? cash for. equity, which is simply More than 75 percent of ownership interest in the home. online daily newspapers decreased debt the Every month, and the home equity likely inhavp total circulations on 3fi tax-fre- PV2 Fillmore PV2 Lade Fillmore recently completed basic combat training in the United States Army at Fort Jackson, S.G A member of the iiif, :9V. -- Itfjl. &!; Lade is the' daughter ion cm V.. -- mi- -- OVi of Dee ville. On Aug. 24, she was sent to complete' advanced individual training in the field ofheahh care V IU& spedawts at Ft Sam Houston, San Antonio, Tfcxas. no -- ist REGT INF. - Mad Dawgs, she graduated from basic training Aug. 23 and received the sharpshooterawanLShewasthe tobe rriwli. platoon , l)T ouni ab -- Afier graduation, cdlege students frequently boe paying off tiiousands of dollan m student i tend college can be a good idea, but rushfog out to buy a new car and renting an eqjensive apart- nt, ment as soon asyou graduate ' "While students are going to Kidwell said, We urge graduathive to take out loans to cover ing senioa to sit down now and -- ibb college expenses, many dont ze . figjureoutwhattheirespensesare that the amount thcyarebor going tobe and how they arc going nip' ' end upbeingahuge to pay for them before making any rowing might a r? gp major purchases. You may havea nisi puroen wren tney gradate, six month period where you dont Mike vice and Kidwell, president oTl -- 3b co4ounderofMyvata,afinandal have to pay your student loans afout health crater. "College students ter you graduate, but that six often ttinktiMttitdrSst job out months goes by fast." Feopfe who are having trouble give diem a sw of school is'SungthattoinQ studem loans riuuld talk all cover repaying paycheck Hal great C creased. loanpeot At the beginning, people have equity in thehomes. They receive cash in exchange for providing that equity to the lenders. As debt grows larger, the grows smaller. Consumers retain ownership Jvst their expenses, but many are shocked to find out how fax that tae paycheck actually goes. According to the United States Department ofEducation, the avamount borrowed to attend ills'. erage four-yepublic institution was lilt a 20001 The number is in $16,100 liir from $11,950 from 35 Ml up percent I iy ar shii yean earlier. Hie amount boravis rowed to attend private schools tfiir rose 26 percent, mxn $1490 in in 20002. rifff' 1996 to $18JX rid; fM evtr gstotlw stern hr l Coll 650-MI- UI (mss) raccommo. l Just make sure you act quickly before you Hfhlllt m HOTEL &.Price SUITES 838 Westwood - BlviL, Daniel T. Fang,. M.D. September 13 at 9 pm FWday, Our TVvo Headline Comedians ejq)lode on to the J stage to delight you with their comic ' interpretations! These guys will treat you to twor hours of hilarious, live entertainment! . remalnln theofflce at 280 North Hospital Drive, 2, in Price, . ? with ipheral surgeon, ; ; 'r v Chad MCance, M.D, who' will begin seeing patients In October. ; We appreciate and thpnk he community for $5.00 edver charge perperson ' t ; CamcoutudJoiaubegisaingatSKMpjLfbr VALL you CAN EAT - . SEAFOOD BUFFET 'TOR-ONt- V' : 20-2- 1 FH., Sept. 20 Vendors in the City Park - Noon until dark GR High Baseball Game wBryce Valley Softball Ibumament - City Ball Fields - all evening Queen Pageant $3.00 v A (pre-purchas- -- .7:00 ed p.m. - High School ticket) Square Dancers - City Park - 7:30 p.m. $9.95!!! AND OTHER SPECIALS! Sat, Sept. 21 Breakfast - sponsored, by Close-U- p 7:00 ajn. -- City Park Parade -- 10:00 a.m. - Main Street Local Entertainment on the Park -- 11:30 a.m. (live music to follow until 3:00 p.m.) x , Softball 'Ibumament - all day and evening Square Dancers -- City Park - 7:30 p.m. Dance Video DJ - High School - 9:00 p.m. Free Melon - all you can eat Saturday ' tevsSiBihs'l : 637-828- 0. w Sept. Vendors on the Park - all day ' I Green River Melon Days, 637-56- 27 Comedy Nightclub .. recordscopied or .transferred, please contact us at h 1:00 p.m. & 3:00 p.m. : i inter-fait- to le . and Castlievilew Hospital. like to have your medical . Melon Days Survivor VOUfi DOOR! able for people who are havinga hard time making their studrat loan payments,Kidwell said. The most inqwrtant thing is to contact the lender as Soon as pos-sfoand workout an arrangement you can anoro, Most student loan liolden, especially federal student ': If you would Annie Nielsen announce the 70th wedding anniversary of their parents on Sept. 13. They will celebrate the fecial occasion with a family dinner. The couple have three children, Frances (LeMar) Hussey, William (Carol) Nielsen and Lee R. Nielsen. loses and Jim 'Souick Huts About Nempapcn PuUkfaed by Nempaper Aaotiation of America vounfviiui tothehpidenassoonaspossfole. will be doslng his , on . general surgery practice September 20, 2002. ; His patient charts and medical records wiU 4 Annie Nielsen The children of William and . 5 . DUVS0 b0' . and prayer service -0 mourn, to remember, and to pray for healing. Held in conjunction with the National Day of Mourning, September 25th. Adapted frorrthe Prayer Sendee for Victims of j,' Violence. smreraotMv-Ul1- bo : William September 15, 2002 6.00 p.m. at the Mission San Rafael of lessthan50,000. I -- Ur, ' f Be a... nu OK tf'v ri Candlelight Vigil for Thls will be an eq-.ui- ty re-ali- -- rite', .. You are cordially invited to attend the Did - Eventually, the individual paid off the, forward mortgage and received 100 percent equity in tiie hornet A reverse mortgage works the same way, except it runs back- - The loans pay out more money for older homeowners, so borrowers are usually in their 7Us older.. The forward mortgage must be paid off or have a low balance and the reverse mortgage must be for the individuals primaiy residence. Most single-fami- ly homes are eligible. Some townhouses and four-un- it two-t- o properties may also qualify. There are no minimum or (Continued on page 12A) wards. A 7n 7 1 non-recour- , . t Reveise mortgages are loans, which means the lender can only derive repment from proceeds of the propertys sale. Residents must be at least 62 years old to qualify for reverse . rlqo .n 2! e, A. Sound is provided hy "Pro Sound, For your DJ A KJNeech, cell 3 Mvt Ow ie KOCX1X8 RIVATI CUB the City' Park 637-686- V v; I .J IffMI! 1 MU r. J |