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DOCUMENT TITLE:  CONSTRUCTION LOAN AGREEMENT .
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Clause Heading
1.1 - Loan Documents.
1.2 - Other Instruments and Documents.
1.3 - Title Insurance.
1.4 - Security Interest.
1.5 - Plans and Specifications.
1.6 - Construction Contracts.
1.7 - Approvals; Permits.
1.8 - Credit Reports; Financial Statements.
1.9 - Insurance.
2 - Disbursements from Construction Loan Account.
2.1 - Initial Disbursement.
2.2 - Second Disbursement.
2.3 - Third Disbursement.
2.4 - Fourth Disbursement.
2.5 - Fifth Disbursement.
2.6 - Final Disbursement.
2.7 - Evidence of Payment.
3 - Conditions to Construction Disbursements.
5 - No Waiver.
7 - Additional Security.
8 - Diligent Prosecution of Construction.
9 - Changes.
10 - Permits and Legal Requirements.
11 - Lists of Contractors and Subcontractors.
12 - Purchase of Materials; Conditional Sales Contracts; Use of Loan.
13 - Inspection; Right to Stop Work.
14 - Date-downs.
15 - Protection Against Lien Claims.
16 - Destruction.
17 - Notice of Changes.
18 - Insurance.
19 - Cooperation.
20 - Payment of Expenses.
21 - Accounting; Changes in Condition.
22 - Governmental Agencies.
23 - Indemnity.
24.1 - Authority.
24.2 - Enforceability.
24.3 - No Breach.
24.4 - Financial Information.
24.5 - Proceedings.
24.6 - Accuracy.
24.7 - Taxes.
24.8 - Utilities.
24.9 - Examination.
24.10 - Encroachments; Defects.
24.11 - Adequacy of Loan.
24.13 - Recertification.
25 - Events of Default.
26 - Remedies.
27.1 - No Waiver; Consents.
27.2 - No Third Parties Benefited.
27.3 - Notices.
27.4 - Authority to File Notices.
27.5 - Actions.
27.6 - Applicable Law.
27.7 - Heirs, Successors and Assigns; Participation.
27.9 - Severability.
27.10 - Interpretation.
27.11 - Amendments.
27.12 - Counterparts.
27.13 - Relation to Loan Commitment.
27.14 - Disclaimer of Liability.
27.15 - Preliminary Notices.
27.16 - Duration; Survival.
27.18 - Agency.
27.19 - Construction.
27.20 - Time.
27.21 - Indemnification.
27.22 - Arbitration.