/local (2ouplc Exchange Wadding l/our3
Miss Kathy Lynne Small
and Mr. Joseph Everette
Kenney were united in
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Mrs. Joseph Everette Kenney
JHKA I
A iF jKT ■ ■* —
THE ELLIOTT
COMPANY
T’fwii'V family centers
JR. JK EDENTON VILLAGE SHOPPING CENTER
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marriage Saturday, Sep
tember 18 at 3 o’clock in
Edenton Baptist Church.
The bride is the daughter
of Mr. and Mrs. Van M.
Small of Edenton. The
| groom is the son of Ms.
Pauline A. Kenney of
Edenton and Mr. Cris J.
Kenney of Gainesville, Ga.
The double ring ceremony
was performed by»Dr. John
Allen. Mrs. Mary Smith of
Edenton presented a
program of nuptial music
aiid Mrs. June Proctor of
Charles Town, West
Virginia was soloist.
The church was decorated
for the candlelight
ceremony with palms and
baskets of white gladiolas,
white mums and pink
elegance carnations.
The bride, escorted to the
altar by her father and
given in marriage by her
parents, wore a gown of
white silk organza over
taffeta. The fitted bodice
had a natural waist line and
a Queen Anne neck line. Re
embroidered Alencon lace
accented the bodice with
seed pearls and irridescent
sequins. A semi-fitted skirt
extended into a chapel train
I and scalloped lace bordered
I the hem line. The appliqued
I sheer sleeves were of
I traditional design. She
chose a waltz length
mantilla of English net with
a border of matching lace.
The mantilla fell from a lace
chapel cap. The bride
carried a sweeping
elongated cascade of
rubrum lilies, white button
poms, minature carnations
and lilies of the valley. She
wore a strand of pearls, a
gift of the bridegroom.
Miss Susan Small, sister
of the bride, was maid of
honor. She wore a sleeveless
floor length gown of daphne
rose chiffon over taffeta.
She carried a short cascade
of rubrum lilies and
variegated pink carnations.
The bridesmaids were
Misses Kim and Toni
Kenney, sisters of the
groom, and Mrs. Cheryl
Ward of Edenton; Miss
Cindy Leary, cousin of ttie
bride of Wilson, N.C.; Mrs.
Kitty Sammons, of Raleigh,
N.C., Mrs. Kathi Pickard of
N.C.; Mrs.
Hope Baker of Columbia,
S.C. They wore dresses and
carried cascades identifier,
to the maid of honor.
The bridegroom’s faffldr'
served as his best man and
the ushers were Mr. Bobby
Kenney, brother of the
groom of Gainesyille, Ga;
Mr. Jim Dail and Mr. Mark
Rose of Edenton; Mr. Win
Dale of Tarboro, N.C.; Mr.
Chuck Cozart of Green
sboro, N.C.; Mr. Keith
Baker of Wilmington
N.C.and Mr. Brad Ketrick of
Cary of N.C.
For her daughters wed
ding, Mrs. Small wore a
floor length gown which
featured a toupe silk crepe
skirt and egg shell bodice.
Ms. Kenney wore a mauve
gown of silk crepe. They
both wore corsages of
rubrum lilies.
Mrs. Marion Cross
directed the wedding.
Following the ceremony
the brides’ parents en-
Continued On Page 7-A
7ot -find.
•(Mrout
U/omen
Page 3-A
September 23. 1982
• V-'-.f
Dnteteit /&ate3 ffi&urn, -Houilnq (?oits £tlll £ Concern *Tot "The -flvetaje 4jomeownet
by Theresa T. Ford
Home Ec. Ext. Agent
Houses continue to be
difficult to buy for many
people, although some
easing has occurred with the
recent drop in interest rates.
Since builders still want to
build houses, sellers and
realtors still want houses to
sell, and lenders still want to
loan money for mortages,
all of these parties have
tried during the recent
years of high interest rates
to improve the possibilities
of home ownership. The
multitude of alternative
home mortgages are
examples of ways to help
people buy homes.
Recently, another new
alternative home mortgage
has been developed called
the shared equity mortgage.
The shared equity mort
gage puts the homebuyer
somewhere between
complete home-ownership
in the traditional sense and
renting. Two parties are
involved in the shared
equity mortgage, the owner
occupant (for example, a
family) who lives in the
house and an owner-investor
who shares in the ownership
of the house but doesn’t live
in it. The two parties share
in the downpayment,
financing, taxes, and in
surance costs of the house
according to a specified
ownership split (Tor
T., 40
percent, 50 percent -rSO
)i percent). In addition, |he
owner-occupant typically
pays all maintenance and
operating costs and pays
rent to the owner-investor
for the privilege of living in
his share of the house.
The owner-occupant and
the owner-investor share in
the tax benefits of home
ownership also according to
their ownership split. For
example, if the owner
occupant owns half the
house, then the owner
occupant gets to deduct half
■ the total mortgage interest
I payments and half the
I property tax payments from
I his taxable income for tax
I purposes.
I Since the house is owned
I jointly by two parties under
I the shared equity mortgage
I arrangement, most such
I contracts require that both
I parties agree to any major
I changes regarding the
I house. For example, if the
I owner-occupant wants to
I remodel or make any other
I major structural change, he
I must acquire the consent of
I the owner-investor.
I Os course, selling the
I house is a major change,
I and both parties must agree
I to the sale of the house
I anytime before the end of
I the shared equity mortgage
I contract. Furthermore, if
I the house is sold the owner r
I investor must be paid his
I share of the equity in the
SP*
with
NATIONALINE
ENERGY SAVING
WATER
HEATERS .
I HOME
I (rntmjim) IMPROVEMENT
I CENTER
1 ■ -■■■ ' ■
I Hampton's Plumbing
I E. Church Street
E Edenton, N.C.
I W.I&4SSS
pP* ' I !■
ife I I
SPECIAL ISSUES WORKSHOP—Mrs. C.B. Smith the Dist. Christian Social Involvement
Chairperson and leader of the workshop, Mrs. Charles Saunders the Dist. U.M. W. President
and Rev. Richard Blankenhorn the pastor of Edenton United Methodist Church are shown
here with Dr. Candence Corson speaker for the workshop.
house. The owner-investor’s
share would equal his
ownership proportion (for
example, .50) multiplied by
the difference between the
sales price of the house and
the outstanding mortgage
loan balance at the time of
the sale.
Shared equity mortgage
contracts generally last for
only a limited period 'of
time. A common term is
seven years. At the end of
the contract’s term three
options are available:
(a) the contract could be
renewed between the owner
occupant and the owner
investor,
SLIMNASTICS
10:00 A.M.
Arrowhead Beach Club House
Neighbors and Friends Invited
Registration Fee
CALL
Julie Spivey Terry Rothberger
482-8055 482-4417
fDR. A. F. DOWNUM, JR.
j OPTOMETRIST
HOW CONTACTS REMAIN
IN PLACE
To understand how a
contact lens stays in place
without falling off, take a
clean flat piece of firm plastic
(such as a license or credit
card) moisten it and place it
against a clean window. It
will cling to the glass, yet
slides about easily as long as
there is a bit of moisture
between the two surfaces.
The contact lens does the
same. However, instead of
being flat, like the window, it
is curved to match the shape
of your eye. If the curvature
is not correctly suited, it will
not stay on properly or may
be uncomfortable. Since
corneal curvatures are not
the same in, all people, it is
particularly important to
make sure that the lenses you
get are prefectly fitted to
your eye.
Shop I.N.S.
At
Rocky Hock
Ribeye Steaks lb. $3.89
Stew Beef lb. $1.89
Cube Steak lb. $2.29
Pork Liver .lb. 49*
Famo or Creme
Flour 5-lb. bag 99*
Coca-Cola each $1.19
Chickens. lb. 49*
Rocky Hock
Grocery
George Druwtfy, Owner
Route I Edenton Pkone 321)081
(b) the house is sold, the
owner-occupant moves out,
and both the owner
occupant and owner
investor take their share of
any “net profit,”
(c) the owner-occupant
can purchase the owner
investor’s appreciated
equity share of the house.
Typicall, with this option the
house is appraised for value
and the owner-investor’s
share is again calculated as
his ownership proportion
multiplied by the difference
between the house’s ap
praised value and the
outstanding mortgage.
From the standpoint of a
Only AFTER this has been
determined is the proper
prescription to correct near
sightedness or far
sightedness incorporated into
it. You thus wear on your
CORNEA practiccally the
same prescription you have
been wearing in your spec
tacles.
In the interest of better visio..
from the office of:
A.F. Downum, Jr., O.D.
103 W. Eden Street
EDENTON
482-3218
family desiring to buy a
house, what are the ad
vantages and disadvantages
of the shared equity mort
gage? The big advantage is
that the family can live in
the house expensively
than if the family had *o buy
the house completely on lie
y own. The sum of the
family’s mortgage payment
and rent to the owner
investor will be less than the
family’s mortgage payment
if the family bought the house
by itself. Also the family is
able to share, at least
partially, in the tax benefits
lif' ȣ/ -
Br Jk
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BYRUM HARDWARE CO.
“Serving The Albemarle For Over 65 Years”
Dial 482-2131
Downtown Edenton
I
Views On Dental Health
Richard N. Hines, Jr.
I v Fellow of The Academy
of General Dentistry
RESTORING CHIPPED TEETH
If any of your teeth
have been chipped in a
fall or accident, they can
be restored to a com
pletely natural look with
the new bonding
technique.
This is a great ad
vantage, particularly
where your front teeth
are concerned. Any flaw
there shows everytime
you smile. But it doesn’t
have to. No one is more
aware than the smiler.
Only a minimum of
tooth preparation is
needed with the bonding
technique. The dentist
will use a small amount
of a mild acid solution to
make tiny openings in the
tooth enamel on all sides
of the ciipped or frac
tured tooth. Then he’ll
use a special bonding
‘‘We Cater To Cowards”
(2oxiotii Upealet
7at A/u cleat
IVotkiAop i
Continued From PageUp
film was shown shovjtyjgthe
devastation of nuclwßvar
heads. It was made mR at
the workshop that w|scan
have a part in coomßing
Nuclear Weapons by
to our congressmen.
The workshop
a fellowship lujfCTieon
served by Laura Pat
Fagen, Mae
and Marginette Iji«j»**er.
- is*
of homeownership.
In terms of disadvantages
to the family, the family is
not able to exercise com
plete control over thejjpuse.
Major modifications*rnust
get the consent of the owner
m vest or. The family also
cannot move, if it so desires,
when it likes. But perhaps
most important, it must be
emphasized that the shared
equity mortgage is not a
“free lunch.” The
arrangement with the
owner-investor is limited.
material to seal off and
rebuild the damaged area
to make the tooth look
“like new” again.
The acid used is so mild
that there’s no danger of
injuring the healthy tooth
enamel. And the
restorative material used
to repair and rebuild the
tooth usually lasts for
years.
Best of all, your teeth
can look their best
whenever you speak or
flash a smile. Best of all,
it can be done in one
office visit.
A public service with the
aim of promoting better
dental health environment.
From the offMN of:
KIOIAKI) V IIINKS. JK„
ty.'D.S.. 437 South Broad St..
Kdenton I’hone: 4H2-2775.