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PAGE • - PLAINDEALER • FRIDAY. FEBRUARY 2t, 1M2 iM-l* >(&•!?&* Here find There In Business | Real Estate Facts | Seminar Training In Business Practices n Tops in sales Yeu ge// p0ss/b/e Link JERRY BABB Jerry Babb, a McHenry resident, was honored Feb. 20 at an awards banquet by Illinois Bell President William Weiss for his group's outstanding sales performance in 1981. Babb was among 16 other managers whose groups were recognized as the top sales performers at Illinois Bell of residence products and services. This second annual awards banquet was held at Chicago's Glessner House, an architectural landmark. C l - Intermatic 70th Among Top Companies The Feb. 22 issue of Crain's Chicago Business lists Intermatic Inc., 7777 Winn road, Spring Grove, as ranking seventieth among Chicago area's top private companies. With 1,100 employees, the company had 1981 revenues of $65 million compared to $59 million the previous year. Intermatic manufactures consumer and industrial timers, lighting and heaters. SHAWMKMAI Illinois Bell probably will lifik up with four Midwest counterparts, according to Stan Jozwiak, manager of the Woodstock telephone office. v Jozwiak said the 3.6 million customers served by Illinois Bell can expect no service changes or rate increases because of the plan. However, a decision by the Illinois Commerce Commission on an unrelated 13.7 percent rate increase is scheduled in June, A task force comprised of American Telephone & Telegraph's operating companies, in conjuction with AT&T, on Friday un­ veiled a stock-ownership plan in response to a Jan. 8 consent agreement between AT&T and the Justice department. The settlement calls for the divestiture of the company's 22 Bell System operating sub­ sidiaries. AT&T is restructuring the operations branch into seven regions, including one linking Illinois Bell with Bell companies in Indiana, Michigan, Ohio and Wisconsin, Jozwiak said. He cautioned that it is still a "planning model" and that "nothing is written in stone vet." Each Company will remain as a separate entity and serve the same territories Jozwiak said. There will be no corporate links between the seven regions. The aim of restructuring is to balance the assets between the operating companies* and p r o v i d e " f i n a n c i a l strength^' he said. .... Jozwiak said telephone facilities and private ter­ minals might be used some day fdr the medical monitoring of patients in the home, banking, shopping and information gathering from a vast network of other computers across the nation. Sandra Bender Named Bank Vice-President SANDRA BENDER Sandra J. Bender of South Windsor, Conn., assistant vice-president in the E x e c u t i v e P e r s o n a l Banking program of the Connecticut Bank and Trust company, has been elected vice-president. Ms. Bender joined CBT in 1974 as a branch management trainee and has since started the Executive Personal Banking program. A graduate of Stonier Graduate School of Banking, she is completing a BA degree at New Hampshire college. She is a member of the Greater Hartford Chamber of Commerce and serves on the Steering committee of the Capital Regional Legislative caucus and the Regional Affairs Committee. Ms. Bender, who is a former mayor of South Windsor, presently serves on the South Windsor Economic Development commission. In addition, she serves as a vice-chairman of the Greater Hartford Arts Council Fund drive, and on the boards of directors of the C o n n e c t i c u t O p e r a association and the United Way of the Capital Area, w h e r e s h e s e r v e s a s 1 chairman of the Nominating committee. Ms. Bender is the daughter of Mr. and Mrs. Roy Red- wanz of McHenry and a graduate of McHenry higti school. RECORD EARNINGS The Chicago and North Western Transportation company has reported recpc4, ao of $54,325,000, or $3.89 per share, for the year ended Dec. 31,19B1, compared with net income of $39,034,000, or $2.93 per share in 1980. Total operating revenues in 1981 were $981,753,000, compared with 1980 total operating revenues of $935,672,000. Corporation Annual March 1 9iiaj?n. z-. orts At Education Seminar Kelly Low of Frank Low Insurance Inc., McHenry, attended an Independent Insurance Agents of Illinois education seminar entitled, "Computers and Your Agency" in Rockford recently. The day-long seminar was designed to inform attendees about the use of computers in the in­ surance industry today, help them determine if it's time to automate, and explain how to pick the right system Secretary of State Jim Edgar reminds all cor­ porations doing business in Illinois that March 1 is the deadline for filing annual reports with the Secretary of S t a t e ' s C o r p o r a t i o n s department. "All corporations wishing to do business in the state are required by law to register with the Cor­ porations department and file an annual report," Edgar said, "There is a penalty for late filing and all corporations are subject to dissolution or revocation of their charter for failing to file an annual report." Edgar said that annual report forms have been mailed to 166,000 business corporations. If a cor­ poration has not received its form, contact the Secretary of State's Corporations department in Springfield at (217 ) 782-7807 or in Chicago at (312 ) 793-3380. Credit School Graduate Philip R. Oeffling, assistant vice-president of McHenry State bank, is one of the 300 bank officers who graduated from the National Installment Credit school, Norman, Okla., sponsored by the American Bankers Association (ABA). The two-week resident session provides courses to in­ stallment lending officers on an assortment of topics, including retail lending, advanced loan programs, and new management methods for bank lending officers. McHenry Man Is Promoted McHenry resident, Ralph J. Rauen, has been promoted t o m a n a g e r - i n v e n t o r y c o n t r o l d e p a r t m e n t f o r C i m b i n e d I n s u r a n c e Company of America's Chicago Service center. Paul Boudreau, Com- bined's vice-president in charge of the Service center, said, "Rauen gained in­ valuable experience having worked in all phases of that department since joining Combined in 1965. His new responsibilities will also include the management of the central files, mail, and the addressograph depart­ ments " Rauen resides at 4712 Williams street, McHenry. ( B y Y v o n n e B e e r , Executive Office, McHenry County Board of Realtors). While assumptions of e x i s t i n g m o r t g a g e s generally offer below- market rate financing, they are not always available. Fortunately, the blended yield approach is another technique used to take ad­ vantage of an existing low- interest mortgage for your buyer. With a blended yield, the home buyer does not assume the existing mortgage. However, the lender extends credit in the amount of the existing loan at that interest rate. Additional funds are financed at the prevailing rate. The interest rate on the entire new# loan is the weighted average of "blend" of the two rates. In another form of the "blend", the purchaser gets financing at a rate above that of the exising mortgage but significantly below the so-called "market rate". In yet another form, the lender will permit the purchaser to assume the existing mor­ tgage, but at a rate which is some blend of the existing rate and the current market rate. The lender then might provide additional funds at the current market rate as well. Alternatively, the lender simply may lend the pur­ chaser the funds he requires to purchase the home at some "compromise" rate, for example, at a rate halfway between the rate on the existing mortgage and the market rate. The existing mortgage, then, is cancelled. The various blended approaches are worth seeking for your buyer, because they can g r e a t l y r e d u c e f i n a n c i n g costs. This is the way some blended loans work. Suppose you have a buyer for your $75,000 home with 20 per­ cent down and needing a mortgage of $60,000. Your mortgage has a balance of $20,000 at a 9 percent interest rate. Under the blended approach, the interest rate that the buyer would pay on the $60,000 loan would be calculated by combining the 9 percent rate on the $20,000 and the prevailing market rate on the remaining $40,000. If the prevailing rate is 17 percent, the rate on the entire new loan would be 14.3 percent. The buyer's income required to qualify for the loan at that rate is $5,000 to $6,000 less than if the entire for their operation RON WAIT 64th DIST. 4803 W. ELM (RT. 120), McHENRY (815)385-7596 TIENACI COURSE 1 5 - 1 6 - 1 7 A G E S Certified 30 HR. Classroom Plus 6 HRS. Behind-the-Wheel Plus Min. 6 HRS. Observation Time B.T.W. ONLY IN TWO WEEK$ THIS AD AOIILTS 18 AND OVER PRIVATE LESSONS 7 DAYS A WEEK Beginner and Brush Up Nervous and Handicapped Senior Citizens Discount Pay-As-You-Leorn or Use Our Budget Plan IN$TRUCTOR: VITO FIUMETIO FOR ONE FREE LESSON STATE !: REP. R E P U B 1% A N !• 1 ' 1' l> 1 • RON IS ONE OF US... • NATIVE OF THIS DISTRICT • RESIDES IN THIS DISTRICT •EARNS LIVING IN DISTRICT • CAN BEST REPRESENT DISTRICT P R I M A R Y ]» >> i- i • j- i- j • i> i- i> i> i« i- i> i> j • i > i • i j i > • i • >• i • i • i> i > i • i • i - VOTE MARCH 16th FOR A TRUSTED NEIGHBOR AND FRIEND! "A TRULY CARING, QUALIFIED, COMMON SffNSff CANDIDATE" ' (L .JOT. * ' " 4W' "'"v PAID FOR BY CITIZENS FOR WAIT COMMITTEE JOYCE DRAKE TREASURE? BELN THURSDAY, FEBRUARY 25TH FRIDAY, FEBRUARY 26fH SATURDAY, FEBRUARY 27TH Hours: 10 a* to 1PMfc2pmto5p* P<tc&tyt 1/tytcited "PvUnatfA Twelve Deluxe Wallet* One - 8xl0 Portrait Two - 5x7 Portraits ImW CSw Partirts W n«<tfk4 H im pwiraM feu* P*rb«u II 06 lack MiB--I to**** OtKr* ftpvcwl Mter« PtMfrato «»r ***** «v«* fMrlKai Md *ms he with < HORNSBY FAMILY CENTER (McHonry Store Only) MARKET PLACE CENTER McHenry. II. $60,000 were lent at 17 per­ cent. Sellers should contact their lenders to see if a blended loan is possible. You may be surprised at how many lenders are receptive to this arrangement. In fact, the Federal National Mortgage association (Fannie Mae) has instituted a resale-refinance program where buyers of homes with Fannie Mae conventional loans can choose from two below-market financing options. Many conventional mortgages have been sold to Fannie Mae by the originating lenders. Often a home sale may combine the blended mor­ tgage with other creative financing methods to lower interest rates even further to allow more buyers to qualify for the home. ». SALES DIRECTOR Mary Kay Ash, chairman, Mary Kay Cosmetics, Inc., has announced today the appointment of Patricia A. Gattone, of McHenry, as sales director of the inde­ p e n d e n t f i e l d m a r k e t i n g organization. Ms. Gattone became an independent beauty consultant in July, 1979. She achieved the sales director position during a three-month period in which she developed a unit of more than 24 beauty consultants and exceeded company sales goals. People who are con­ sidering going into business for themselves or who already own a small business, can gain training in business practices at seminars offered by McHenry County college. " S m a l l B u s i n e s s Management" will include selling, bookkeeping, credit, advertising, purchasing, and marketing. The , three session seminar will run Mondays, March 8,15 and 22, from 7 to 9:30 p.m., and will be offered again May 3, 10 and 17. This is designed to aid the small business owner with a year or more of ex­ perience in developing a business strategy. "How to Start A Business" is practical nuts and bolts knnwledep and up-to-date Political Corner Fund Drive For Skinner To assist the fund drive for the campaign of Cal Skinner, Jr., in his bid for the post of state comptroller, a country brunch will be served at the O l d C o u r t h o u s e I n n , Woodstock, Sunday, Feb. 28, from 10 a.m. to 1 p.m. T h e f o r m e r s t a t e legislator, a Republican, entered the race at Governor T h o m p s o n ' s r e q u e s t a n d , information on how to plan for a new business. Areas to be covered include self- evaluation, advertising, p r o m o t i o n , b u d g e t i n g , personnel, legal forms, site location. Participants will develop their own financial plan for implementing the business. This series will be given Mondays, April 5, 12 and 19, from 7-9:30 p.m. All of the seminars meet at Lakeside center in Crystal Lake. Registration for the seminars is under way at McHenry County college on Route 14 at Lucas road. Registration hours are 8 a.m. to 4:30 p.m., and 5:30 p.m. to 8:30 p.m. Monday through Thursday. Friday hours are 8 a.m. to 4 p.m. subsequently, the only other GOP candidate withdrew. Tickets may be purchased at the door. COLLECTION CENTER Consumable goods for the Ronald McDonald House of Chicago are being collected at the learning center at 5213 W. Elm street, McHenry. The House is owned and operated by Children's Oncology Services of Illinois, Inc., a not-for-profit cor­ poration whose sole purpose is to assist families whose lives have been affected by c h i l d h o o d c a n c e r a n d leukemia. Those who would like to learn more about the project should call 344-4970. 0 ! • •IIIIIIMIIimiMIIHIHHM ||i| i IHfRi I IN LEADING ROLE-Dan Conway, McHenry, plays the role of Jerrv Ryan in the Pheasant Run theatre production of "Two For the Seesaw" opening Saturday, March 6 through April 4. Beverly Feldt co-stars as Gittel Mosca in the funny and bittersweet love story by William Gibson. CALL YEGGE ACCOUNTING INCOME TAX SERVICE •EXPERIENCED •PROFESSIONAL •PERSONALIZED *YEAR ROUND PHONE 385-7957 F O R A P P O I N T M F N T £ JllMliiiiiiiiiiiiiiiiiiiiiiinti I ii MI I illinium mi, Forget everything you know about water conditioners. WHY? TM LI H^I ONLY KINFTICO -#• Y-- •msL This One Is Different M Electricity KIKTICO is the MY alsutic Niter conditioner that uses no electricity! A turbine water meter does it ill! United States Patent No. 2.891.552 Twin Softening Tanks All other hone water conditioners have only one sottennj talk! KINETICO'S twin tanks alternate so yon are never without soft water An EXCLUSIVE benef't that is impossible with single tank system NO. OVtH I.W IN IUVtCt LOCALtfl Specification! Klnetlco Culllgan Mirocl« Sears Electricity laqu4r*tT No Yes Yes Ar* timers, computers or sensors required? No Yes Yes Is Sis. of Unit Needed Sased Upon Number in Famllyf No Yes Yes Yes Number of Softening Tonksf 2 1 1 Metered Itegeneretion of Twin Tonks Sased on Amount of Water Usedt Yes No No Unlimited Daily Potential Grain 'opacity? Yes No N<- '• Soft Water Available During Regeneration? Yes No No •s Soft Water Used To Regenerate trine, tackwash and Rinse Cycles? Yes No No Working Parts Of Valve Operate In Soft Water At All Time* Reducing Costly Service? Yes No No No •s Soft Water Available 14 Hours Per Day? Yes .No Popular Science Magazine October 1977, describes- Kinetico'i Advantages as "Ingenious." "Phenomenal" and "Incredible 3607 Chapel Hill Rd. "Johnsburg" McHenry, II. 60050 Service On All Makes Get te Kmw fine rice* HUEMANN WATER C0NDITI0NIN6 Div. of Huemaann Water Mgt.. Inc. SERVING NORTHERN ILLINOIS FOR OVER 18 YEARS 115-3S 5-3093 24 Hours Free Water Test 4 Rental Rates On Request JUST IN CASE... EXCLUSIVE HYDRAULIC DRIVE NO BELTS, CHAINS. 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