Kentucky - Mercer County Contract for Deed and Promissory Note Forms

Included Forms

All Mercer County specific forms and documents listed below are included in your immediate download package:

Contract for Deed Form - Mercer County

Fill in the blank form formatted to comply with all recording and content requirements.
Included document last updated 9/9/2022

Contract for Deed Guidelines - Mercer County

Line by line guide explaining every blank on the form.
Included document last updated 3/22/2023

Completed Example of the Contract for Deed - Mercer County

Example of a properly completed form for reference.
Included document last updated 2/10/2023

Promissory Note Secured by Contract Deed Form - Mercer County

Note that is secured by the Contract for Deed. Can be used for traditional installments or balloon payment.
Included document last updated 2/15/2023

Promissory Note Guidelines - Mercer County

Line by line guide explaining every blank on the form.
Included document last updated 9/27/2022

Completed Example of the Promissory Note - Mercer County

Example of a properly completed form for reference.
Included document last updated 2/23/2023

Annual Accounting Statement Form - Mercer County

Required annually to notify buyer of remaining balances.
Included document last updated 2/17/2023

Included Supplemental Documents

The Following Kentucky and Mercer County supplemental forms are included as a courtesy with your order.

Consideration Certificate (Kentucky Document)

Consideration Certificate Exemptions (Kentucky Document)

Transfer Tax Information & Exemptions (Kentucky Document)

Kentucky Statute 132.810 Homestead exemption -- Application -- Qualification. (Kentucky Document)

Application for Exemption (Kentucky Document)

Frequently Asked Questions:

• How long does it take to get my forms?
  • Forms are available immediately after submitting payment.
• What are supplemental forms?
  • Often when a deed is recorded additional documents are required by Kentucky or Mercer County. These could be tax related, informational, or even as simple as a coversheet. Supplemental forms are provided for free with your order where available.
• How do I get my forms, are they emailed?
  • After you submit payment you will see a page listing the Mercer County forms you ordered with a download link to the pdf form file. You download the forms to your computer. You will also receive an email with a link to your download page in case you need it later.
• What type of files are the forms?
  • All of our Mercer County Contract for Deed and Promissory Note forms are PDFs. You will need to have or get Adobe Reader to use our forms. Adobe Reader is free software that most computers already have installed.
• Can the Contract for Deed and Promissory Note forms be re-used?
  • Yes. You can re-use the forms for your personal use. For example, if you have more than one property in Mercer County that you need to transfer you would only need to order our forms once for all of your properties in Mercer County.
• Are these forms guaranteed to be recordable in Mercer County ?
  • Yes. Our form blanks are guaranteed to meet or exceed all formatting requirements set forth by Mercer County including margin requirements, content requirements, font and font size requirements.
• Do I have to enter all of my property information online?
  • No. The blank forms are downloaded to your computer and you fill them out there, at your convenience.
• Can I save the completed form, email it to someone?
  • Yes, you can save your deed form at any point with your information in it. The forms can also be emailed, blank or complete, as attachments.
• Do I need any special software to use these forms?
  • You will need to have Adobe Reader installed on your computer to use our forms. Adobe Reader is free software that most computers already have installed.
• Are there any recurring fees involved?
  • No. Nothing to cancel, no memberships, no recurring fees.

Areas covered by these Contract for Deed and Promissory Note Forms:

• Mercer County

Including:

• Burgin
• Harrodsburg
• Salvisa

What is the Kentucky Contract for Deed and Promissory Note?

Contract for Deed also known as a Land Contract
Included are Three forms:
(1) "Contract for Deed" evidenced by a Promissory Note and
(2) "Promissory Note" secured by a Contract for Deed.
(3) "Annual Accounting Statement"
This is considered a more secure method of owner financing than just a land contract because the promissory note is more elaborate and defining of late payments, defaults and penalties. Typically, a Contract for Deed is a recorded instrument, as where the promissory note is held onto by the Seller/Lender until the note is paid in full. These forms are governed by Kentucky law. A promissory note with strong default terms can be beneficial to the seller/lender.

The Contract for Deed form states that the consideration reflected is the fair market value for the property. The parties join this Contract for Deed for the sole purpose of certifying the consideration pursuant to Kentucky Revised Statutes Chapter 382. These forms offer the choice of typical installment payments or a balloon payment, which is common in land contracts, $XXX down, payments for 3-5 years with balance due of YYY.

For use in Kentucky Only.

Our Promise

The documents you receive here will meet, or exceed, the Mercer County recording requirements for formatting. If there's an issue caused by our formatting, we'll make it right and refund your payment.

Save Time and Money

Get your Mercer County Contract for Deed and Promissory Note form done right the first time with Deeds.com Uniform Conveyancing Blanks. At Deeds.com, we understand that your time and money are valuable resources, and we don't want you to face a penalty fee or rejection imposed by a county recorder for submitting nonstandard documents. We constantly review and update our forms to meet rapidly changing state and county recording requirements for roughly 3,500 counties and local jurisdictions.

Customer Reviews:

4.8 out of 5 (3959 Reviews)

March 22nd, 2023

Name: Guy G.

Review: Deeds.com was easy to use and their easement deed was exactly what I was looking for. I knew I didn't need to spend hundreds of dollars talking to an attorney.

Reply from Staff on March 22nd, 2023

We appreciate your business and value your feedback. Thank you. Have a wonderful day!

March 21st, 2023

Name: Carolyn N.

Review: It worked! It was exactly what I needed and was easily understood.

Reply from Staff on March 21st, 2023

Thank you!

March 20th, 2023

Name: MARILYN I.

Review: Very pleased with your user friendly site.

Reply from Staff on March 20th, 2023

Thank you!

Name: Milica K.

Review: Very fast and reliable service.

Reply from Staff

Thank you for your feedback. We really appreciate it. Have a great day!

Name: James B.

Review: This was very easy to do. Great experience. These are the forms I needed. I would recommend these to anyone.

Reply from Staff

Thank you!

Name: William S.

Review: The forms worked well for entering information. I have finished without much trouble. Since the forms are Adobe PDF files you need the free app to use them but you can't edit unless you have the paid Adobe program. And, it was a reasonable price.

Reply from Staff

Thank you for your feedback. We really appreciate it. Have a great day!

Name: Viola J.

Review: You made this so easy to process the Executor Deed. THANK YOU a thousand times. Appreciate that all forms are in one place and I did not have to search all over the internet to get what I needed.

Reply from Staff

We appreciate your business and value your feedback. Thank you. Have a wonderful day!

Name: Mary Ann H V.

Review: I'm very happy with your service! It saved me, at least, hundreds of dollars vs. going through a lawyer in a different state.

Reply from Staff

We appreciate your business and value your feedback. Thank you. Have a wonderful day!

Name: Jared D.

Review: Yes it was awsome experience,thank you

Reply from Staff

Thank you!

Name: Gary A.

Review: I believe this is the way to go without the need of a lawyer. Fast downloads, very informative, Now the work starts

Reply from Staff

Thank you Gary.

Name: LORIN C.

Review: This site and service is the best and most easily navigated that I've seen; I'm 80.....and I need...EASY!

Reply from Staff

Thank you for your feedback. We really appreciate it. Have a great day!

Name: Rodney S.

Review: Good service; thank you.

Reply from Staff

Thank you!

Name: Jacque G.

Review: Very helpful and easy to access.

Reply from Staff

Thank you!

Name: Rechantell A.

Review: It was quick and easy. Trust worthy. Very satisfied and would recommend. Thank you for your services.

Reply from Staff

We appreciate your business and value your feedback. Thank you. Have a wonderful day!

Name: Sherilyn L.

Review: Easy to use & cost is great Thank you

Reply from Staff

We appreciate your business and value your feedback. Thank you. Have a wonderful day!