ALTA Construction Loan Policy Endorsement C 1987
Attached to Policy No.
STEWART TITLE GUARANTY COMPANY
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 prior to the filing of any assertion of a statutory lien or right thereto in the public records or thereafter advanced with the written consent of the Company.
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 made a part of the policy and is subject to all of the terms and provisions thereof and of any prior endorsements thereto, except that the insurance afforded by this endorsement is not subject to paragraphs 3(d), 6 and 7 of the Exclusions From Coverage. Except to the extent expressly stated, it neither modifies any of the terms and provisions of the policy and any prior endorsements, nor does it extend the effective date of the policy and any prior endorsements, nor does it increase the face amount thereof.
[Witness clause optional]
For issuing guidelines on this form, see Guidelines