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The LGBTQ-founded Metropolitan Community Church of the Palm Beaches celebrated its 40th anniversary by publicly burning its mortgage.
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 ...
Sounds like it might be time to pass the hat again. Many churches are having trouble paying their debts. Bloomberg recently profiled the Evangelical Christian Credit Union, which has written some ...
Reverend J. H. Dotson became pastor in 1937. He brought in new members and raised $3,000 toward debt repayment within six months. He continued a vigorous fundraising campaign. The result was the full repayment of the old mortgage on November 23, 1942. Dotson then began raising funds to build a new building on the site. [3]
Date and time of data generation: 09:16, 12 September 2018: Orientation: Normal: Software used: Windows Photo Editor 10.0.10011.16384: File change date and time
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Following the July 2010 announcement of the Quran burning, the bank holding a $140,000 mortgage loan on the church property, demanded immediate repayment of the balance, and the property insurance was canceled. [108] A lighted sign and an acrylic cross on the property were damaged by rocks. [109]
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