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AKRON SAV. & LOAN CO. v. RONSON HOMES, INC.

No. 41089.

15 Ohio St. 2d 6 (1968)

THE AKRON SAVINGS & LOAN CO., APPELLEE, v. RONSON HOMES, INC., ET AL.; CARTER-JONES LUMBER CO., APPELLANT.

Supreme Court of Ohio.

Decided June 19, 1968.

Attorney(s) appearing for the Case

Mr. Karl S. Hay, for appellee.

Mr. Harry W. Schwab, Jr., for appellant.

O'NEILL, J.

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...

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