About | HeinOnline Law Journal Library | HeinOnline Law Journal Library | HeinOnline

12 U. Cin. L. Rev. 1 (1938)
Disbursement of Ohio Construction Mortgage Loans

handle is hein.journals/ucinlr12 and id is 7 raw text is: University of
Cincinnati Law Review
VoLumn XII         JANUARY, 1938               No. 1
DISBURSEMENT OF OHIO CONSTRUCTION
MORTGAGE LOANS
JAMES L. MAGRISH,
Of the Cincinnati Bar
The term construction mortgage may be used to
indicate that the proceeds of the loan secured by such
mortgage are to be used for the improvement of the
mortgaged real estate whether or not the security is a
technical mortgage under General Code of Ohio, Section
8321-1:
... given in whole or in part to improve real estate or
to pay off prior encumbrances thereon, or both.
In either case the mortgagee usually has two objects in
view: (1) being assured that the real estate shall be im-
proved in the manner contemplated by the mortgagee,
and (2) that the lien of the mortgage shall be prior to
other encumbrances.
The first object is sought by disbursing the loan as the
improvement proceeds, or, if possible, after it is completed.
In practice disbursement during the progress of the im-
provement is the more frequent requirement, and the

What Is HeinOnline?

HeinOnline is a subscription-based resource containing nearly 3,000 academic and legal journals from inception; complete coverage of government documents such as U.S. Statutes at Large, U.S. Code, Federal Register, Code of Federal Regulations, U.S. Reports, and much more. Documents are image-based, fully searchable PDFs with the authority of print combined with the accessibility of a user-friendly and powerful database. For more information, request a quote or trial for your organization below.



Short-term subscription options include 24 hours, 48 hours, or 1 week to HeinOnline with pricing starting as low as $29.95

Contact us for annual subscription options:

Already a HeinOnline Subscriber?

profiles profiles most