Ohio Code § 5302.14

§ 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.”