KRS 382.350: Removal of property from land covered by lien.

Any person who, with actual or constructive notice of a recorded real property mortgage

or vendor's lien, and without the written consent of the record holder thereof, purchases,

severs or removes from the land covered by the mortgage or lien, any standing timber,

buildings, minerals, or improvements in the nature of fixtures real, covered by and

included in the mortgage or lien, and who converts such property to his own use, shall

take such property subject to the mortgage or vendor's liens, and the respec tive priorities

thereof, and shall be liable to the holders of the mortgages or liens for a return of such

property or for the reasonable market value thereof at the time of the purchase or

severance or removal and conversion thereof at the option of the h older of the mortgage

or lien. But no holder of a mortgage or a vendor's lien shall recover more than the amount

of the indebtedness secured by his mortgage or vendor's lien, and any amount recovered

by the holder of the mortgage or vendor's lien shall be credited on the indebtedness

secured thereby.