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Mortgage burning was a twentieth-century custom in the United States of America (U.S.A.) that was the ritual incineration of the promissory note (mortgage) upon satisfaction of the payment schedule by the purchaser (debtor, or mortgagor). This ritual was performed to celebrate the release of the debtor from further payment obligations, and was ...
The LGBTQ-founded Metropolitan Community Church of the Palm Beaches celebrated its 40th anniversary by publicly burning its mortgage.
In 1948, Roanoke's mayor presided over the church's mortgage burning ceremony in honor of completing its final payment on the citadel. [11] By 1951 the local chapter had 250 members and an annual budget of over $40,000. [12]
In 1973, in honor of the congregation paying off the original mortgage, a mortgage burning ceremony was held. The church was consecrated, and blessed by several Episcopalian dignitaries, including George R. Selway, Robert Donohoe (the ecumenical director of the Episcopal Diocese of Arizona), and the former pastor of St. Barnabas, Henry B. Getz.
The note-burning party at The Mill at Crown Gardens marked paying off a $225,000 mortgage on the Family Support Council's building on Waring Road and the Oak Haven Second Chance Home for teenage ...
Bloomberg recently profiled the Evangelical Christian Credit Union, which has written some $3 billion worth of church mortgages over the past Let us now pray: Church mortgage delinquencies on the rise
Saint Leonard Catholic Church is a Roman Catholic church in the city of ... held a mortgage-burning ceremony in 1946, and began raising funds for a new school. [17 ...
An appropriate “Mortgage Burning Ceremony” was conducted on April 1, 1965, in the new Banquet/Dining room as a celebration by the Membership of having achieved the goal of constructing a new Masonic Temple for Elysian Lodge and its members for many years and generations into the future.