Ohio § 5302.14
Full text of Ohio Ohio Revised Code § 5302.14, with citation guidance and answers to common questions.
§ 5302.14.
In a mortgage of real estate, or any interest therein, the words “ statutory condition ” have the full force, meaning, and effect of the following words and shall be applied
and construed accordingly: “Provided, nevertheless, except as otherwise specifically stated in the mortgage,
that if the mortgagor, or his heirs, executors, administrators, assigns, or successors,
shall pay unto the mortgagee or his executors, administrators, assigns, or successors,
the principal and interest secured by the mortgage, and shall perform all other obligations
secured by the mortgage, and shall perform the condition of any prior mortgage, and
until such payment and performance shall pay when due and payable all taxes and assessments
on the mortgaged premises, shall keep the buildings on said premises insured against
fire and other hazards commonly known as Extended Coverage Risks in a sum not less
than the amount secured by the mortgage or as otherwise provided therein for the benefit
of the mortgagee and his executors, administrators, assigns, and successors, in a
company or companies authorized to write insurance business in the state of Ohio and
acceptable to the mortgagee, shall pay all premiums therefor, and deliver all policies
therefor, to the mortgagee or his executors, administrators, assigns, or successors,
and, at least two days before the expiration of any policy on said premises, shall
deliver to him or them a new and sufficient policy to take the place of the one so
expiring; and shall not commit or suffer any waste of the mortgaged premises or any
breach of any covenant contained in the mortgaged or in any prior mortgage, then the
mortgage shall be void.”
Frequently Asked Questions About Ohio § 5302.14
What does Ohio Revised Code § 5302.14 cover?
Section 5302.14 is part of the Ohio Revised Code, the codified statutory law of Ohio. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Ohio § 5302.14?
A common citation format is "Ohio Revised Code § 5302.14" (Ohio). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Ohio law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Ohio official source linked on this page or consult a licensed Ohio attorney.
How does Ohio § 5302.14 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Ohio can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Ohio.