2009 Kentucky Revised Statutes
CHAPTER 382 CONVEYANCES AND ENCUMBRANCES
382.380 Statement of amount and maturity to be filed before additional securities are issued.

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382.380 Statement of amount and maturity to be filed before additional securities are issued. If a deed of trust or mortgage is made to a trustee or to a mortgagee to secure the payment <br>of bonds or other obligations to be issued thereafter, the grantor in the deed of trust or the <br>mortgagor in the mortgage, when or before such additional bonds or other obligations are <br>issued, shall cause to be recorded in the office of the county clerk of the county in which <br>such deed of trust or mortgage was first recorded, a statement by the grantor or the <br>mortgagor acknowledged as deeds are required to be acknowledged, setting forth the <br>amount, the date, the maturity and the description of such additional obligations, and until <br>such statement is so lodged for record no such bonds or other obligations shall be issued <br>by the grantor or the mortgagor or certified by the trustee. Effective: October 1, 1942 <br>History: Recodified 1942 Ky. Acts ch. 208, sec. 1, effective October 1, 1942, from Ky. Stat. sec. 511a-2.

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