Construction Loan Disbursement Agreement Page 7
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823. Owner's Indemnification: Because contractor is an agent of the owner for purposes of the
construction project, owner shall be responsible to Fidelity National Title Insurance Company for the
performance of contractor's obligations in connection with said indemnification. In addition, and in
consideration of, among other things, Fidelity National Title Insurance Company's entering into the
Escrow Agreement, owner, for himself and for his heirs, successors, assigns and administrators,
indemnifies and saves Fidelity National Title Insurance Company harmless from any and all losses, cost,
damages, expenses and liabilities, including attorney's fees, which Fidelity National Title Insurance
Company may incur because of mechanic's and materialmen's liens under said commitment or policy
and the endorsements thereto or under this Escrow Agreement, or from the breach of any warranty or
covenant made to Fidelity National Title Insurance Company by owner, or any person claiming by,
through or under him.
IN WITNESS WHEREOF, this Agreement has been executed as of the day and year first above written.
By:
By:
Its
Its
(Owner)
(Owner)
By:
By:
Its
Its
(Lender)
(Contractor)
Fidelity National Title Insurance Company
By:
Its
Construction Loan Disbursement Agreement
Page 7
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