Chicago Title Insurance Company

CONSTRUCTION MORTGAGE ENDORSEMENT

Attached to and made a part of Chicago Title Insurance Company Loan Policy No.

Notwithstanding the provisions of Paragraph 7(b) of the Insuring Clauses, Paragraph 6 of the Exclusions from Coverage and Section 8 (d) of the general Conditions and Stipulations of the policy, the policy insures against actual loss or damage which the insured may sustain by reason of the loss of priority of the lien of the insured mortgage with respect to advancements made pursuant to the provisions of the insured mortgage (whether such advancements are made before or after the Date of Policy), to any statutory liens for services, labor or materials arising from any improvements or work related to the land and for which no exception has been taken in Schedule B of the policy.

The following is added to Schedule B, Part I of said Policy:

"Note: Pending disbursement of the full proceeds of the loan described herein, this policy insures only to the extent of the amount actually disbursed, but increases as cash disbursements are made, up to the face amount of the policy."

This endorsement when countersigned by an authorized signatory, 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 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.

Signed and sealed this .

COUNTERSIGNED:

BY: __________________________________

Authorized Signatory

Construction Mortgage Endorsement

Connecticut

Construction Mortgage Endorsement

Sharon Alleman

2001-12-14

medeirosp

Chicago Title Insurance Company