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The Newberry Sun, Newberry, S. C., Thursday, May 23, 1968—PAGE 3 Washing-ton, D. C.—Army Specialist Four Eugene Book man (left), 28, son of Mrs. Evelyn Bookman, Prosperity, receives the Bronze Star Medal April 24 at the Walter Reed Army Medical Center, Wasn- ing-ton, D. C. Congratulating him is Cap tain George Cozens of the med ical center. Spec Bookman received the award for heroism in action against enemy forces in Viet nam, November 19, 1967. Spec. Bookman, a patient at the Walter Reed General Hos pital, entered the Army in Sep tember 1966 and completed basic training at Ft. Dix, N. J. While serving in Vietnam, he was with the 173rd Airborne Brigade. He holds the Army Commendation Medal and the Purple Heart. The specialist, whose father, Levi Bookman, lives at 15F Peshine Ave., Newark, N. J., h a 1968 graduate of Gallmar. High School. Guarantee on Vet home loans increased Stanley Zuk, Manager of the Columbia VA Regional Office, said today that the increase in the Veterans Administration’s maximum guarantee on G. I. home loans from $7,500 to $12,500 makes G. I. mortgages a “gilt-edge investment.” The two-thirds increase in the amount of the maximum VA guarantee went into effect May 7, 1968, with the signing of Pub- Law 90-301 by President John son. What this means to nearly 12.5 million veterans and ser vicemen now eligible for G. I home loans, Zuk said, is that in addition to having the house as security for a mortgage,the lender also has the guarantee of the U. S. A. for up to 60 per cent or $12,500 of the mortgage This really makes G. I. home loans virtually riskless for len ders, he declared. The new guarantee maximum replacing the $7,500 ceiling which had been in effect since 1950, will provide up to the au thorized 60 per cent coverage on loans as high as $20,833, and 50 per cent on $25,000 mort gages. Zuk pointed out that PL 90-301 signed by the President May 7 also contains two other provi sions important to veterans in addition to the loan guaranty hike and the widely reported interest rate increase. One provision would permit a veteran to pay more for a home than the VA-appraised leasonable value. However, the amount of the loan obtained bv the veteran cannot exceed the VA appraisal. The veteran muse pay in cash the difference be tween the VA “reasonable val ue” appraisal and the actual sales price of the home. Zuk said that of 12.5 million veterans and servicemen cur rently eligible for G. I. loans, approximately 4.1 million are Post-Korean veterans,3.2 mil lion Korean Conflict veterans, 3.2 million World War II veter ans, and 1.9 million servicemen with at least two years of ac tive duty. This total is being swelled by nearly 70,000 Viet nam Era veterans returning to civilian life each month. Since the beginning of theVA loan program under the World War II G. I. Bill, VA has guar anteed nearly 7.2 million loans amounting to more than $70 bil lion. It has also made more than 284,000 direct loans valued at $2.6 billion. KOCH SPEAKER AT GARDEN CLUB The Nosegay Garden Club met at the home of Mrs. W. E. Turner on May 9, at 3:30 p.m. Mrs. Ernest Layton and Mrs. R. D. Smith were co-hostesses. The club president, Mrs. J. E. Smith, presided at the meet ing. The program chairman, Mrs. B. E. Eader, introduced the guest speaker, Rev. John H. Koch Jr., pastor of Mayer Memorial Lutheran church. Rev. Koch showed the club slides' of the beautiful array of wiYld flowers found in the wmodlands and mountains of North and South Carolina. An arrangement named “Woodland Beauty” w r as displayed by Mrs. B. E. Eader as part of the pro gram. Tasty refreshments were en joyed by the 16 members. It’s Your Move.. We Have Made Ours.. We made our move when we adopted the variable rate of Dividend on Savings. We pay as high as 5.25% on Savings Certificates from $10,000 up. Your Savings are Insured to $15,000. Accounts here may be held in the name of an indi vidual or jointly by two or more persons. Therefore, you may have much more than $15,000 fully insured. Move up to the high rate. Save with us today. DIRECTORS John F. Clarkson J. K. Willingham E. B. Purcell W. C. Huffman A. E. Morehead P. M. DeLoache, Saluda, S. C. Robert M. Owen Ratesburg, S. C. RE-ELECT YOUR REPRESEKTATIVE D. P. "Jabbo” FOLK