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A deed could likewise be self-prepared in a situation where it is from grantor to grantor's trust or LLC. All documents to be recorded must be prepared by an attorney other than the limited exceptions discussed above.
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 hereby and the conditions of any prior mortgage, pays all the taxes and assessments, maintains insurance ...
A satisfaction of mortgage is a signed document confirming that the borrower has paid off the mortgage in full and that the mortgage is no longer a lien on the property.
Section 5301.36 | Entry of satisfaction. The mortgagee may, by contract with the mortgagor, recover the cost of the fees required for the recording of the satisfaction by the county recorder.
States that allow you to use a Deed of Trust: StateDocuments allowedNorth CarolinaDeeds of TrustNorth DakotaMortgage AgreementsOhioMortgage AgreementsOklahomaMortgage Agreements47 more rows
Agricultural land, pending sale or disposition, shall not be used for any purpose other than agriculture, and the land shall not be used for agriculture under lease to an individual, trust, corporation, partnership, or other business entity subject to the restrictions under division (B)(1) of this section.
FindLaw Newsletters Stay up-to-date with how the law affects your life Legal Maximum Rate of Interest8% (§1343.01)Penalty for Usury (Unlawful Interest Rate)Excess interest applied to principal (§1343.04)Interest Rates on JudgmentsContract rate (§1343.02), otherwise 10% (§1343.03)1 more row
Section 5301.233 | Mortgage may secure unpaid balances of advances made.