CLTA Form B - Construction Loan Policy


Attached to Policy No.

Issued by


The Company insures the owner of the indebtedness secured by the insured mortgage against loss or damage sustained by reason of lack of priority of the lien of the insured mortgage over any statutory lien for services, labor or material heretofore or hereafter furnished for that portion of the proceeds of the loan secured by the insured mortgage now or hereafter advanced in compliance with a legal obligation to advance contained in a written agreement which must exist at the date of this endorsement.

This endorsement does not insure against loss or damage by reason of failure by the insured to comply with or to enforce the provisions of any agreement to which the insured is a party which relate to advancing the proceeds of the loan secured by the insured mortgage.

This endorsement is issued as part of the policy. Except as it expressly states, it does not (i) modify any of the terms and provisions of the policy, (ii) modify any prior endorsements, (iii) extend the Date of Policy, or (iv) increase the Amount of Insurance. To the extent a provision of the policy or a previous endorsement is inconsistent with an express provision of this endorsement, this endorsement controls. Otherwise, this endorsement is subject to all of the terms and provisions of the policy and of any prior endorsements.

[Witness Clause Optional]


No guidelines are available for this form at this time.