Debtor is obligated to pay the secured party attorneys fees. In consideration of the indebtedness, debtor conveys and warrants to trustee certain property described in the land deed of trust.
Kentucky Land Deed of Trust
State:
Multi-State
Control #:
US-00181
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Word;
Rich Text
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How to fill out Land Deed Of Trust?
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FAQ
Kentucky requires the person transferring property (the grantor) and the person receiving property (the grantee) to sign the deed. A deed from or to more than one person must be signed by all grantors and grantees. A deed involving an entity must be signed by a representative with legal power to act for the entity.
The grantor must sign the deed and signatures must be acknowledged (notarized). The grantor and grantee must sign the consideration statement and the signatures must be notarized. The document must be filed in the county clerk's office of the county where the property is located (or the greater part).
However, preparation of deeds and mortgages constitutes the practice of law and must be prepared by an attorney.
Go to the Land Office Services Index phone: (502) 564-3490. email. mail: Office of the Secretary of State. ?Capitol Annex, Land Office. 702 Capital Ave., Ste. T-21-B. Frankfort, KY 40601?
(1) All deeds, mortgages and other instruments required by law to be recorded to be effectual against purchasers without notice, or creditors, shall be recorded in the county clerk's office of the county in which the property conveyed, or the greater part thereof, is located.
The state of Kentucky uses the Metes and Bounds system as well as the Lot and Block system. These legal descriptions of land can usually be found where ever public records are kept, i.e. the county court house.
In Alabama, Arizona, Arkansas, Illinois, Kentucky, Maryland, Michigan, Montana and South Dakota, the lender has the choice of either a mortgage or deed of trust. In any other state, you must have a mortgage.
The main difference between a deed and a deed of trust is that a deed is a transfer of ownership, while a deed of trust is a security interest. A deed of trust is used to secure a loan, while a deed is used to transfer ownership of a property.
