Construction Loan — Loss of Priority – (ALTA 32-06, CLTA 137-06)

Deletes Covered Risk 11(a) from the policy. Insures against the invalidity or unenforceability of the lien of the Insured Mortgage or its loss of priority for a construction loan advance that is made on or before the policy date. It does not insure against mechanic’s liens that arise for work done after the affective date of the policy.

32.0-06_Construction_Loan_Pending_Disbursement_-_02-03-2011[1] ALTA 32-06,
CLTA 137-06