Mechanic’s Lien Coverage Clause Samples

Mechanic’s Lien Coverage. Title Company shall provide title insurance coverage over any early-start work with respect to the Project, insuring that the Senior Mortgage, the ERF Mortgage, the TBRA Mortgage, as applicable, will have priority over all possible mechanic’s and material supplier’s lien claims for work performed or materials supplied to the Project. Title Company has agreed to issue Bank’s Title Policy to Bank and City’s Title Policies to City, subject to satisfaction of the requirements set forth in Schedule B – Part I of Commitment No. NCS- 945738-MPLS issued by Title Company, insuring the priority of the Mortgages over any mechanic’s liens arising in connection with the Project.

Mechanic’s Lien Coverage. The owner’s title policy will also insure BUYER as of the date of recording of the deed or other document of conveyance, against any lien, or right to a lien for services, labor or material imposed by law and not shown by the public records. ▇▇▇▇▇▇ agrees to comply with the requirements of the title company for issuance of this coverage. Any mechanic's lien or notice of intent filed during construction and prior to Closing will not be deemed a defect in title unless the title insurance company will not insure against loss therefrom.