 What part of the ELA states that mechanics' and materialmen's liens are subject to representation?
Except for any Crossed Mortgage Loans, there are no subordinate mortgages or junior liens securing the payment of money encumbering the related Mortgaged Property (other than Permitted Encumbrances and Title Exceptions, mechanics’ and materialmen’s liens (which are the subject of the representation in Paragraph 12 of this Part 1)). None of the ELA Documents permits the related Mortgaged Property to be encumbered without the prior written consent of the holder of such Mortgage Loan, by any lien securing the payment of money junior to or of equal priority with, or superior to, the lien of the related Mortgage (other than contested taxes, assessments and mechanic’s and materialmen’s liens that become due after the Pledge Date of the related Mortgage Loan).
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