Mortgage Documents

Kentucky -- Single Family -- Fannie Mae/Freddie Mac UNIFORM

INSTRUMENT (Form 3018)
Type of Instrument
Mortgage

Instrument Revision Date

1/01 (rev. 05/15)

Instrument Last Modified

9/3/02 (Deletion of SS# Blanks)
10/2/06 (Spanish Translation Posted)
07/07 (Master/Short Form Posted)
10/07 (Master Form, Various Edits)
12/10 (Change to Lenders Address)
12/10 (Short Form, Change to
Lenders Address)
05/15 (Derivation Clause Added)
05/15 (Spanish Translation Revised)
05/15 (Short Form, Derivation Clause
Added)

Instruction Page Last Modified

10/2/06 (Spanish Translations Added)
07/07 (Master/Short Form Added)
12/10 (Authorized Change Added
Lenders Address)

Use This Document For

State

KY

Lien Type
First

Product Type
All

Property Type
All, except
cooperatives

Occupancy Type
All

Required Changes
The following changes MUST always be made to this document:
None
Authorized Changes
The following changes MAY be made to this document at the lenders option or MUST be made
under certain circumstances only:
1.

Lenders MAY add legends to identify the preparers of the document, consistent with the
requirements of state and local laws.
For Master/Short Form filings, this change should be made to the Short Form.

2.

Although not required, lenders MAY include at the bottom of each page initial lines on
which borrowers may insert their initials to acknowledge that all pages of the document
are present. If lines are provided for initials, the originator is not required to have
borrowers initial the document, but if the borrower initials the document, the originator
must require that the borrower initial each and every page as indicated.

Fannie Mae/Freddie Mac Uniform Instrument

Kentucky-Instruction

For Master/Short Form filings, this change should be made to the Short Form.
3.

Lenders MAY insert the appropriate acknowledgment in the blank space after the
signature lines as documents for individual mortgages are prepared or MAY print
documents bearing the appropriate acknowledgment(s) printed in advance for use as the
need arises.
For Master/Short Form filings, this change should be made to the Short Form.

4.

Lenders MAY adjust cross-references to section, paragraph, or page numbers, if needed

to reflect changes in section, paragraph, or page numbers that result from adding,
modifying, or deleting certain language in accordance with another authorized change.
For Master/Short Form filings, be certain that cross-references correspond in the
Master and Short Forms. If any section numbers are changed in the Master Form,
ensure that the references to the sections that are incorporated into the Short Form
are correct.

5.

Lenders MAY add the words Purchase Money [Para la Compra] in front of or
above the caption Mortgage [Hipoteca], if all, or any portion of the loan proceeds
are to be used to purchase the security property. Lenders MAY also add the following in
parentheses either above the caption or in the space provided for the legal description of
the property:
(All or part of the purchase price of the Property is paid for with the money loaned.)

[Spanish Translation]
(Todo o parte del precio de compra de la Propiedad se paga con el dinero dado en prstamo).

For Master/Short Form filings, this change should be made to the Short Form.
6.

Lenders MAY name MERS as the mortgagee of record (as nominee for the beneficiary)
in this document and, if they do, MUST make the following changes:
(a)

Insert a new definition (C), which reads as follows:

(C) MERS is Mortgage Electronic Registration Systems, Inc. MERS is a separate
corporation that is acting solely as a nominee for Lender and Lenders successors and
assigns. MERS is the mortgagee under this Security Instrument. MERS is organized
and existing under the laws of Delaware, and has an address and telephone number of
P.O. Box 2026, Flint, MI 48501-2026, tel. (888) 679-MERS.

[Spanish Translation]
(C) MERS significa Mortgage Electronic Registration System, Inc. MERS es una
corporacin independiente que acta exclusivamente como persona nombrada para el
Fannie Mae/Freddie Mac Uniform Instrument
Kentucky-Instruction

Prestador y los sucesores y cesionarios del Prestador. MERS es el acreedor hipotecario

de conformidad con este Instrumento de Garanta. MERS est constituida y existe de
conformidad con las leyes de Delaware, y su direccin y nmero de telfono es P.O.Box
2026, Flint, MI 48501- 2026, tel. (888) 679-MERS.

For Master/Short Form filings, insert this definition in the Short Form as new
definition B-1.
(b)

Redesignate the definition of Lender [Prestador] as (D) and delete the last
sentence of the definition. Then redesignate all subsequent definitions (as E, F, G,
etc.) as required.

For Master/Short Form filings, delete the last sentence of the definition of Lender
on the Short Form, but do not redesignate definitions if you have added the new
definition to the Short Form as definition B-1.
(c)

Delete from the second sentence of the first paragraph of the section titled
TRANSFER OF RIGHTS IN THE PROPERTY [TRANSFERENCIA DE
DERECHOS SOBRE LA PROPIEDAD] the words For this purpose, Borrower
does hereby mortgage, grant and convey to Lender and Lenders successors and
assigns,... [A tal efecto, el Deudor por el presente hipoteca, otorga y transfiere
al Prestador y a sus sucesores y cesionarios...] and replace them with the
following words:
For this purpose, Borrower does hereby mortgage, grant and convey to MERS (solely as
nominee for Lender and Lenders successors and assigns) and to the successors and
assigns of MERS,...

[Spanish Translation]
A tal efecto, el Deudor por el presente hipoteca, otorga y transfiere a MERS
(exclusivamente como persona nombrada para el Prestador y los sucesores y cesionarios
del Prestador) y a los sucesores y cesionarios de MERS

For Master/Short Form filings, this change should be made to the Short Form.
(d)

Revise the paragraph of the section titled TRANSFER OF RIGHTS IN THE

PROPERTY [TRANSFERENCIA DE DERECHOS SOBRE LA PROPIEDAD]
that begins with the words TOGETHER WITH all the improvements...
[CONJUNTAMENTE CON todas las mejoras] by adding the following
sentence at the end of the paragraph:
Borrower understands and agrees that MERS holds only legal title to the interests
granted by Borrower in this Security Instrument, but, if necessary to comply with law or
custom, MERS (as nominee for Lender and Lenders successors and assigns) has the
right: to exercise any or all of those interests, including, but not limited to, the right to
foreclose and sell the Property; and to take any action required of Lender including, but
not limited to, releasing and canceling this Security Instrument.

Fannie Mae/Freddie Mac Uniform Instrument

Kentucky-Instruction

[Spanish Translation]
El Deudor entiende y acuerda que MERS tiene solamente ttulo legal sobre los derechos
otorgados por el Deudor en este Instrumento de Garanta, pero, si ello es necesario para
el cumplimiento de la ley o los usos y costumbres, MERS (como persona nombrada para
el Prestador y los sucesores y cesionarios del Prestador) tiene el derecho de: ejercer
cualquiera o todos dichos derechos, incluyendo, pero no limitado a, el derecho de llevar
a cabo la ejecucin hipotecaria y la venta de la Propiedad, y a tomar cualquier medida
exigida del Prestador, incluyendo, pero no limitado a, liberar y cancelar este Instrumento
de Garanta.

For Master/Short Form filings, this change should be made to the Short Form.
7.

Lenders MUST add the following language (as a rider or as the second sentence of the
last paragraph in Section 9), if the mortgage is secured by a leasehold estate, but lenders
MAY add this language if the mortgage is not secured by a leasehold estate:
Borrower shall not surrender the leasehold estate and interests herein conveyed or terminate or
cancel the ground lease. Borrower shall not, without the express written consent of Lender, alter
or amend the ground lease.

[Spanish Translation]
El Deudor no entregar el derecho y los intereses sobre la propiedad que tiene el arrendatario y
que se transfieren en el presente ni terminar o cancelar el contrato de arrendamiento de
terreno. El Deudor no alterar ni modificar el contrato de arrendamiento de terreno sin el
expreso consentimiento escrito del Prestador.

For Master/Short Form filings, this change should be made in a rider to the Short
Form.
8.

Lenders MAY add to Definition (G). Riders a check-off box for VA Rider [Clusula
Adicional sobre VA], if they use this document for a VA-guaranteed mortgage that will
be delivered to us and such a rider is required to add VAs assumability feature (which
overrides the acceleration clause in this document).
For Master/Short Form filings, this change should be made to the Short Form.

9.

Lenders MAY preprint this document with County [Condado] embedded in that portion
of the section of the document titled TRANSFER OF RIGHTS IN THE PROPERTY
[TRANSFERENCIA DE DERECHOS SOBRE LA PROPIEDAD] that requires entry of
the Type of Recording Jurisdiction, if all mortgage recordations in the state take place at
the county level. In such cases, the words [Type of Recording Jurisdiction] [Tipo de
Jurisdiccin de Registro] do not have to appear beneath the word County [Condado]. In
addition, if documents are prepared on a transaction-by-transaction basis and the Name of
Recording Jurisdiction is typed in when the document is prepared, the words [Name of
Recording Jurisdiction] [Nombre de la Jurisdiccin de Registro] do not have to appear
beneath the actual name of the recording jurisdiction.

Fannie Mae/Freddie Mac Uniform Instrument

Kentucky-Instruction

For Master/Short Form filings, this change should be made to the Short Form.
10.

Lenders MAY delete the word Witnesses [Testigos] and the two accompanying lines
for witness signatures that appear to the left of the Borrower signature lines on Page 16.
For Master/Short Form filings, this change should be made to the Short Form.

11.

Lenders MAY delete from the last sentence of the next-to-last paragraph that precedes the
Uniform Covenants section the word generally [generalmente] and replace it with
the word specially [especialmente], if the security property is located in an area in
which security instruments normally provide for a special warranty of title by the
borrower (rather than a general warranty).
For Master/Short Form filings, this change should be made to the Short Form.

12.

Lenders MAY add an asterisk (*) following the applicable borrowers name in Definition
(B). Borrower [Deudor] on Page 1 and following the applicable borrowers signature on
the last page of the document and then insert the following legend immediately after the
execution block on this page, if a borrower is signing the document for the sole purpose
of waiving dower rights:
* _________________ signs as Borrower solely for the purpose of waiving dower
rights without personal obligation for payment of any sums secured by this Security
Instrument.

[Spanish Translation]
* __________________ firma como Deudor exclusivamente al efecto de renunciar a los
derechos de la esposa sobreviviente sobre la propiedad del cnyuge fallecido sin obligacin
personal de pago de cualquier monto garantizado por este Instrumento de Garanta.

For Master/Short Form filings, this change should be made to the Short Form.
13.

Lenders MAY include an additional address in Definition (C). Lender on Page 1 to

comply with applicable law.
For Master/Short Form filings, this change should be made to the Short Form.

14.

Lenders MAY insert a Notice on the Security Instrument if the Notice is required by
applicable law for the type of transaction.
For Master/Short Form filings, this change should be made to the Short Form.

Other Pertinent Information

Any special instructions related to preparation of this document, use of special signature forms,
required riders or addenda, etc. are discussed below.
Fannie Mae/Freddie Mac Uniform Instrument
Kentucky-Instruction

1.

If the borrower is an inter vivos revocable trust, we may require: a special rider, a
different signature form for the trustee signature, and a special signature acknowledgment
for the settlor/credit applicant(s). Lenders are responsible for making any modifications,
including the use of different terminology, needed to conform to the signature forms
customarily used in Kentucky and will be held fully accountable for the use of any
invalid signature form(s).
-

Each of the trustees must sign this document in a signature block substantially
similar to the following, which should be inserted in the Borrower signature lines.
___________________________, Trustee of the __________________________ Trust
under trust instrument dated __________________________ (Borrower).

[Spanish Translation]
___________________________, Fiduciario del Fideicomiso _____________________
de conformidad con el instrumento de fideicomiso de fecha _______ (Deudor).

Each settlor of the trust who is a credit applicant must sign a signature
acknowledgment in a signature block substantially similar to the following, which
should be inserted following the Borrower signature lines:
BY SIGNING BELOW, the undersigned, Settlor(s) of the _____________________ Trust
under trust instrument dated ______________________________, acknowledges all of
the terms and covenants contained in this Security Instrument and any rider(s) thereto
and agrees to be bound thereby.
__________________________(SEAL)
Trust Settlor

[Spanish Translation]
MEDIANTE SU FIRMA ESTAMPADA MS ABAJO, el(los) abajo firmante(s),
Fideicomitente(s) del Fideicomiso _______, de conformidad con el instrumento de
fideicomiso de fecha _____, reconoce(n) todos los trminos y convenios incluidos en este
Instrumento de Garanta y en cualquier clusula(s) adicional(es) del mismo y acuerda(n)
quedar obligado(s) por stos.
_________________________
(SELLO)
Fideicomitente del Fideicomiso

For Master/Short Form filings, this change should be made to the Short Form.
{See Instructions for the Master/Short Form on the following page}

Fannie Mae/Freddie Mac Uniform Instrument

Kentucky-Instruction

INSTRUCTIONS FOR COMPLETING AND RECORDING MASTER AND

SHORT FORM MORTGAGES AND DEEDS OF TRUST
Kentucky
A. Master Form Mortgage
(The Kentucky Master Form Mortgage consists of a (1) title page and (2) the Fannie Mae/Freddie Mac
Kentucky Uniform Mortgage)

Title Page
(a) Insert the name and address, including the county, of the Lender causing the Master Form
Mortgage to be recorded.
(b) Complete the Prepared by statement with the name, address and signature of the person
preparing the title page.
(c) Do not have the title page acknowledged.
2. Mortgage

(a) Do not fill in any information on the Mortgage.

(b) Do not have the Mortgage signed or acknowledged.
Attach the title page to the front of the Mortgage and record the title page and Mortgage together in
the recorders office serving the recording district(s) in which you anticipate you will subsequently
record mortgages for loans secured by real property.
B. Short Form Mortgage
1. Insert the recording information from the Master Form Mortgage in the second paragraph of the
Definitions section of the Short Form Mortgage. (Make sure the recording information is from the
Master Form Mortgage that was recorded in the county in which the real property securing the loan is
located.)
2. Insert information for all blank spaces in the Definitions section of the Short Form Mortgage.
3. Check the applicable Rider boxes in the Short Form Mortgage.
4. Insert the property description information and the address in the Short Form Mortgage.
5. Complete the Prepared by statement with the name, address and signature of the person preparing the
Short Form Mortgage.
6. Provide the borrower with an exact copy of the recorded Master Form (the completed Title Page and the
Fannie Mae/Freddie Mac Kentucky Uniform Mortgage). Please note that it is your responsibility to
maintain proof of your compliance with this requirement.
7. Arrange for the Short Form Mortgage to be executed by the borrower(s) and acknowledged.
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Kentucky-Instruction
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8. Arrange for any applicable Riders to be executed by the borrower(s). Record the Short Form

Mortgage and any applicable Riders in the recorders office serving the county in which the
real property securing the loan is located.
(NOTE: Do not use or record the Short Form Mortgage unless you have already recorded a
Master Form Mortgage in the recorders office serving the county in which the real property
securing the loan is located.)

5/4/2015

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