Mortgages

Condominium Mortgage

The document requires:

  1. First party (mortgagor, borrower) KRS 382.200
  2. Second party (mortgagee, lender) and their mailing address KRS 382.335, 382.430, 382.200
  3. Amount of the mortgage KRS 382.330, 289.441
  4. Maturity date-(except for revolving credit accounts which do not require a maturity date) Relating to obligations, if the document states “due on demand” this requirement is satisfied KRS 382.330
  5. Legal description of the property (a source of title is not required, however, it is desirable to have) Common Law & OAG 81-100
  6. Preparation Statement KRS 382.335

The clerk shall request a return mail address KRS 382.240 Document must be:

  • Signed by the mortgagor(s) and the signature(s) notarized. KRS 382.130.
  • The document must be filed in the County Clerk’s Office of the county where the property is located (or the greater part).

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Mortgage also known as Indenture of Trust

The document must have:

  • First party (mortgagor, borrower, grantor, trustor) (KRS 382.200)
  • Second party (mortgagee, lender, grantee, trustee) and their mailing address

(KRS 382.335 & KRS 382.430, 382.200)

  • Amount of the mortgage (KRS 382.330, KRS 289.441)
  • Maturity date- (except for revolving credit accounts which do not require a maturity date). Relating to obligations, if the document states “due on demand” this requirement is satisfied. (KRS 382.330 & KRS 382.380)
  • Legal description of the property (a source of title is not required, however, it is desirable to have) (Common Law and OAG 81-100)
  • Preparation statement (KRS 382.335)

The clerk shall request a return mail address (KRS 382.240) Document must be:

  • Signed by the mortgagor(s) and the signature(s) acknowledged (notarized). (KRS 382.130)
  • Filed in the County Clerk’s Office of the county where the property is located, or the greater part. (KRS 382.110)

Revolving credit accounts do not require a maturity date. (KRS 382.330)

A Recorded Mortgage can ONLY be corrected by preparing a new document. Do not re-record a previously recorded document.

Click here for Fee Schedule for Land Records.