Ohio Residential Mortgage

Ohio mortgage lenders, use this comprehensive template to prepare a Residential Mortgage to be secured by real property owned by the borrower (mortgagor).

The mortgage is granted as security for a loan or other financing advanced by a lender.
Repayment in monthly instalments of blended principal and interest.
Unpaid interest becomes part of the principal and bears interest at the mortgage rate.
The mortgagor must pay all taxes and levies assessed against the property.
The mortgagor must keep the property insured in an amount and to an extent approved by the mortgagee.
Contains an acceleration upon default provision, which states that if the mortgagor defaults in any of its obligations, the entire amount of the indebtedness will become immediately due and payable.

This Ohio Residential Mortgage form is provided in MS Word format and is fully editable.