Wayne Building & Loan Co. v. Yarborough

The principal questions in this case are controlled by the decision in cases Nos. 40533, 40534 and 40535, Wayne Building & Loan Co. of Wooster, Ohio, v. Yarborough, decided this day. By virtue of those cases, where, under a mortgage contemplating future advances for the construction of improvements upon the mortgaged premises and properly recorded prior to the reasonably apparent commencement of such construction, disbursements are made by the mortgagee to the *226mortgagor, which disbursements are not made in the manner prescribed in Section 1311.14, Revised Code, and are not actually used to…