KRS 382.330: Instrument not to be recorded unless date of maturity shown -- Exception.

No county clerk shall record a deed or deed of trust or mortgage covering real property by

which the payment of any indebtedness is secured unless the deed or deed of trust or

mortgage states the date and the maturity of the obligations thereby secured whi ch have

been already issued or which are to be issued forthwith. In the case of obligations due on

demand, the requirement of stating the maturity thereof shall be satisfied by stating that

such obligations are "due on demand."