HomeMy WebLinkAboutThe Goderich Signal-Star, 1985-03-20, Page 83A Oa
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Additional infointation on the **les *
necessary in order to work 04t. pekYlinent
programs on present:41W 0,44r0,,4ebta,
arpanded details on each, dbbt, altber*fht.,
balance sheet or 00 a se0awe settedhie,
should iincate: •
1.The riame, add and phone *ober of
each creditor, particularly for the lOng fean
debt. Creditors check with each other, Do not
frustrate or aggravate the people reviewing
your credit application by making them look
for phone numbers.
2. Type of loan - real estate Wrtgage, chattel
mortgage, demand note, instahneotnote, ebe-
3. The original purpose of the loan.,
4. The security taken - what parcels of land
are encumbered; what pieces of machinery
were taken as security; or does the bank have
Section 178 on all your crops and livestock.
Such ,material helps a creditor determine
what will be available for security for his line
of credit.
5. Original amount of loan and the exact date
of the funds were received.
6. TiWiritfliest- rate, '
7. The amortizatioh period and the Fontract
period. The mortgage may only have a life
span of five years, but it may be amortized
over 20 years in !•der to provide reasonable
repayment trinj
e
s.
8. The end payment dates and the amount of
each payment. Repayment schedules may be
available firm the mortgage company giving
the dates of eart principal and interest
payment. Please provide a copy. If this is not
available, at least provide the principal and
interest payments due within the next 12
months. The principal portion would become_
a current liability and the interest would go
into your projected expense statement. The
balance of the prinicipal not due would
of
Farm Machinery and Implement Buildings
will be held for
JEROME (JIffiRY) HUBER
Lot 19, con. 6, Huron Twp., 11/4 miles south of Ripley then 1 mile west on con. 6 Huron Twp.
THURSDAY, MARCH 28 at 1100 A.M.
MACHINERY 5000 Ford tractor with 15 x 30 duals; 50-50 A.C. tractor with only 875 hrs;
No. 2000a.c. 4 furrow plow with 18" bottoms; 40 plate M.F. wheel disc; Oneway disc; 15'
Fbrd cultivator vvith levelling harrows ;12Iison 4 row cultii.rator; Van Brunt J.D. 15 run seed
drill with fertilizer boxes and grass seeder; 4 section of harrows and pole; 15' land leveller;
Arnazone ZL-S 3 pth. fertilizer spreader; 13' Dunham land packer; No. 352 Ford 4 row corn
planter with insecticide boxes; 300 gallon Martin weed sprayer with 34' boon; water
pump with gas motor and suitable for filling sprayer; No. 4400 J.D. combine with cab, radio
and air; 13' grain head and picluip; 4 row 30" corn head and straw chopper - 1200 hrs., good
condition; Martin wagon with Kffibros 350 bushel Valley Box with rubber tarp; 2 wagons
with grain boxes; Martin wagon with grain box and fertilizer auger; 16' 4" grain auger with
motor; 28' 6" grain auger on wheels with 5 hp. Briggs and Stratton motor.
BUILDINGS - Steel drive shed 64' x 32' with 12' lean; implement shed 38' x 44'; steel shed
8' x 8'; No. 3250 steel granary.
ARMIES CONSIGNED BY WILIIAM WY.EDS
4230 J.D. tractor with cab, air and 20.8 x 34 tires; 112040. tractor with No. 145 loader,
16-9-30 tires and drains; D17 A.C. tractor; 5 furrow No. 1350-1450 J.D. plow with 18"
bottoms; No. 470 Int. 16' disc with 52 plates; No. 800 J.D. swather with crimper; No. 336
J.D. baler; 30° N.H. hay elevator; No. 3800 J.D. Harvester with C0/111 and hay head; Dion
forage blower; Artsway forage box with 10 ton Martin wagon; 2 Artsway forage boxes with
Vic wagons; 20' 5" grain auger; 7' Art Helm single auger snow blower. Other artides too
numerous to mention.
GOOD UNE OF FARM EQUIPMENT IN EXCIIIJDNT CONDITION
1ERMS CASH DAY OF SALE. - FARMS SOLD LUNCH 1309TH
OWNERS: Jerry Huber, 395-2440 William Wylds, 395-2721
AUCTIONEERS
Grant McDonald, Ripley, 395-5353
Wallace Ballagh, Teeswater, 392-6170
become a lor* term liability on7tke—halair00-
sheet.
Tice amounts and the dates are required for
the cash flow projections. The intonation
called for in points, 5, 6, 7 and 8 is also
necessary to check the present debt situation.
Many fanners over estimate the amount of
principal paid down on a loan as of a given
oxemomear
lciPte---t)tal-PaYrelents 011 a MOW
amortized -bier '20 years .a14 .tkoetent are
over $90,000 after the third $�r, and yet the
principal would be reduced by less than
$8,000. Knowing the repayment dates also
allows the farmer and or creditor to estimate
the accrued interest since the last repayment
date if refinancing is undertaken.
You Can Count On These....
PIONEER.
• Performance Leaders
PIONEER SEED CORN
NEW' 3953 NEW 3803
*3859 *3851 03949 *3950
•3925 *3906 •3975 A
PIONEER ALFALFA
0524 *526 *532
ALL VARIETIES AVAILABLE.IN
90% ALFALFA - 10% TIMOTHY
80% ALFALFA - 20% TIMOTHY
PIONEER SOY5EANS
NEW 1282 0877
SILA-BAC SILAGE INNOCULENT
‘,1177,,
APPLICATOR
%PRICE
.durIng Pioneer Days
March 18th - 22nd
Your Pioneer Sales Representative Is:
Bruce Raynard
R. R.61 el.UCKNOW 528-3502