Have you ever heard the old idea that, if you hear an owl hoot during the day, someone is going to die?
Never heard that one. Local legends do interest me though. In a similar "someone is going to die" vein, it was often said that if you hear your name called from a phantom voice, to not answer it. It'll typically call 3 times, within the span of a few days. If you ignore it - then crisis averted. If you answer it though, it will stop calling (if it hasn't made it to #3 yet) and someone is going to die.
Other local legends:
1. If you come across a cold spot in the woods, it is an evil spirit. Take out any change in your pocket, and your pocket knife if you have it. Lay them on the ground, stomp on them once, and then walk away without looking back. The spirit will not follow, effectively focusing on the "tribute" you left it.
2. Nailing 2 pennies in front of your doors (one left, one right) will keep evil spirits out of your house. It's not quickly noticeable but you'll see plenty of houses in the area where I grew up with the two aged and weathered pennies still nailed down.
3. When a very old and respected member of the community dies, a rain storm will "come to get them". It's not uncommon for a storm following the death to be referred to as their rain (for instance, after my great uncle Leonard died we had a storm, and I know my dad referred to it as "Leonard's Rain". I've heard others do the same on numerous occasions).
I don't really believe any of them, but from a cultural and historical standpoint, the stories are very interesting.
As to the owl, could it have been a screech owl? First time I heard one of those it scared the dickens out of me. To my ears it sounded like a woman screaming.
Also, on the topic of strange noises in the woods - my dad and brother had a strange experience last deer season. They were out in the woods hunting - different stands, but still relatively close to each other. As they sat, they heard a strange noise start up. Both could hear it, but it was much closer to my dad. Neither of them have been able to really describe it much, but the best my brother could come up with was that it sounded almost like weird chanting and hollering. My dad said that in his mind it sounded like devil worshiping. Almost like people, but at the same time, not. It was definitely creepy whatever it was. Now, my dad went investigating later that weekend, and a dangling wire tipped him off. Near the wire, he found a speaker, equipment, and a battery out there in the same area. Expensive looking stuff from what he said. That has to be been the source of the sound, but what we've been wondering is what anyone would be doing planting all that stuff out in the middle of nowhere.