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Current as of January 01, 2024 | Updated by Findlaw Staff
In addition to any other debt or obligation, a mortgage may secure unpaid balances of advances made, with respect to the mortgaged premises, for the payment of taxes, assessments, insurance premiums, or costs incurred for the protection of the mortgaged premises, if such mortgage states that it shall secure such unpaid balances. A mortgage complying with this section is a lien on the premises described therein from the time such mortgage is delivered to the recorder for record for the full amount of the unpaid balances of such advances that are made under such mortgage, plus interest thereon, regardless of the time when such advances are made.
Cite this article: FindLaw.com - Ohio Revised Code Title LIII. Real Property § 5301.233 - last updated January 01, 2024 | https://codes.findlaw.com/oh/title-liii-real-property/oh-rev-code-sect-5301-233/
FindLaw Codes may not reflect the most recent version of the law in your jurisdiction. Please verify the status of the code you are researching with the state legislature before relying on it for your legal needs.
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