Effective: February 1, 2002
Latest Legislation: House Bill 470 - 124th General Assembly
A mortgage in substance following the form set forth in this section, when duly executed in accordance with Chapter 5301. of the Revised Code, has the force and effect of a mortgage to the use of the mortgagee and the mortgagee's heirs, assigns, and successors, with mortgage covenants and upon the statutory condition, as defined in sections 5302.13 and 5302.14 of the Revised Code, to secure the payment of the money or the performance of any obligation specified in the mortgage. The parties may insert in the mortgage any other lawful agreement or condition.
"MORTGAGE
________________________, ____________________ (marital status), of ________________ (current mailing address), for __________ Dollars paid, grant(s), with mortgage covenants, to ____________, of __________________ (current mailing address), the following real property:
(Description of land or interest in land and encumbrances, reservations, and exceptions, if any.)
(A reference to the last recorded instrument through which the mortgagor claims title. The omission of the reference shall not affect the validity of the mortgage.)
This mortgage is given, upon the statutory condition, to secure the payment of _________________ dollars with interest as provided in a note of the same date.
"Statutory condition" is defined in section 5302.14 of the Revised Code and provides generally that, if the mortgagor pays the principal and interest secured by this mortgage, performs the other obligations secured by this mortgage and the conditions of any prior mortgage, pays all the taxes and assessments, maintains insurance against fire and other hazards, and does not commit or suffer waste, then this mortgage shall be void.
___________________, wife (husband) of the mortgagor, releases to the mortgagee all rights of dower in the described real property.
Executed this _______________ day of ________________
_______________________________
(Signature of Mortgagor)
(Execution in accordance with Chapter 5301. of the Revised Code)"
Structure Ohio Revised Code
Chapter 5302 | Statutory Forms of Land Conveyance
Section 5302.01 | Statutory Forms.
Section 5302.02 | Rules and Definitions Applicable to All Instruments Relating to Real Estate.
Section 5302.03 | Use of Word Grant.
Section 5302.04 | All Interest Conveyed Unless Otherwise Stated in Instrument.
Section 5302.05 | General Warranty Deed Form.
Section 5302.06 | General Warranty Covenants Meaning and Effect.
Section 5302.07 | Limited Warranty Deed Form.
Section 5302.08 | Limited Warranty Covenants Meaning and Effect.
Section 5302.10 | Fiduciary Covenants Meaning and Effect.
Section 5302.11 | Quit-Claim Deed Form.
Section 5302.12 | Mortgage Form.
Section 5302.13 | Mortgage Covenants Meaning and Effect.
Section 5302.14 | Statutory Condition Meaning and Effect.
Section 5302.15 | Master Mortgage Form.
Section 5302.16 | Master Mortgage Form Incorporated by Reference.
Section 5302.17 | Survivorship Deed Form.
Section 5302.171 | Affidavit for Successor Trustee.
Section 5302.18 | Grantor Also a Grantee.
Section 5302.19 | Tenancy in Common.
Section 5302.20 | Survivorship Tenancy.
Section 5302.21 | Prior Tenancy by the Entireties or Survivorship Tenancy.
Section 5302.22 | Transfer on Death Deed Form.
Section 5302.221 | Transfer on Death Deed Medicaid Estate Recovery Form.
Section 5302.222 | Transfer of Deceased's Real Property; Recording; Affidavit of Confirmation.
Section 5302.23 | Designating Transfer on Death Beneficiary.
Section 5302.24 | Affect of r.c. 5302.22, 5302.222, and 5302.23.
Section 5302.30 | Property Disclosure Form Required for All Residential Real Property Transfers.