Akron Savings & Loan Co. v. Ronson Homes, Inc.

The first question which this court is required to determine is: Was the mortgagee, Akron Savings & Loan, under an obligation to advance the entire sum appearing on the face of the mortgage and for which the mortgage ostensibly stood as security?

The appellee, in support of its position, relies upon Kuhn v. Southern Ohio Loan & Trust Co. (1920), 101 Ohio St. 34, 126 N. E. 820. The first and second paragraphs of the syllabus in that ease read:

“1. A mortgage duly recorded, given for definite future advances which the mortgagee is obligated to make, is entitled to priority for the full amount of…