Common use of OPEN-END MORTGAGE MAXIMUM PRINCIPAL AMOUNT Clause in Contracts

OPEN-END MORTGAGE MAXIMUM PRINCIPAL AMOUNT. This Security Instrument is an open-end mortgage made pursuant to Section 5301.232 of the Ohio Revised Code, and shall secure the payment of all loan advances included within the term "Debt," regardless of the time such advances are made. The maximum amount of unpaid loan indebtedness, exclusive of interest thereon, which may be outstanding at any time and secured hereby shall be the maximum principal amount stated on the cover page of this Security Instrument. As permitted and provided in Section 5301.233 of the Ohio Revised Code, this Security Instrument shall also secure unpaid balances of advances made with respect to the Property for the payment of taxes, assessments, insurance premiums, or costs incurred for the protection of the Property and other costs which Lender is authorized by this Security Instrument to pay on Borrower's behalf, plus interest thereon, regardless of the time when such advances are made.

OPEN-END MORTGAGE MAXIMUM PRINCIPAL AMOUNT. This Security Instrument is an open-end mortgage made pursuant to Section 5301.232 of the Ohio Revised Code, and shall secure the payment of all loan advances included within the term "Debt," regardless of the time such advances are made. The maximum amount of unpaid loan indebtedness, exclusive of interest thereon, which may be outstanding at any time and secured hereby shall be the maximum principal amount stated on the cover page of this Security Instrument. As permitted and provided in Section 5301.233 of the Ohio Revised Code, this Security Instrument shall also secure unpaid balances of advances made with respect to the Property for the payment of taxes, assessments, insurance premiums, or costs incurred for the protection of the Property and other costs which Lender is authorized by this Security Instrument to pay on Borrower's behalf, plus interest thereon, regardless of the time when such advances are made.Instrument