KRS 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

of bonds or other obligations to be issued thereafter, the grantor in the deed of trust or the

mortgagor in the mortgage, when or before such additional bonds or other obligations are

issued, shall cause to be recorded in the office of the county clerk of the county in which

such deed of trust or mortgage was first recorded, a statement by the grantor or the

mortgagor acknowledged as deeds are required to be acknowledged, setting forth the

amount, the date, the maturity and the description of such additional obligations, and until

such statement is so lodged for record no such b onds or other obligations shall be issued

by the grantor or the mortgagor or certified by the trustee.