Master Form Mortgage
Kentucky law provides that a "Master Form for a Mortgage" may be filed in the county clerk's office of any county. After this document has been recorded other mortgage documents can incorporate a reference to this document. The incorporation of the reference shall have the same effect as if the provisions of the master form had been set forth fully in the mortgage.
- Must be entitled on the face "Master form recorded by ________" (name of the person causing the instrument to be recorded). KRS 382.295
- Contain forms of covenants, conditions, obligations, powers, and other clauses of a mortgage. KRS 382.295
- The name of the person or entity causing it to be recorded KRS 382.295
- The instrument does not need to be acknowledged KRS 382.295
- Preparation Statement (KRS 382.335)
- The clerk shall request a return mail address (KRS 382.240)
Incorporation into other Mortgages:
After the Master Form Mortgage is recorded, any of the provisions of such master form instrument may be incorporated by reference in any mortgage of real estate if:
- the reference in the Mortgage states that the master form instrument was recorded in the county in which the mortgage is offered for record
- the Mortgage states the date when the master form instrument was recorded
- The Mortgage states the book and page where the master form instrument was recorded.
- The recording of any mortgage, which has the reference of the Master Form Mortgage incorporated into the document, will have like provisions of the Master Form Mortgage.