Priority of Liens

All liens timely filed have equal priority. If a lien claimant obtains a judgment foreclosing a lien, all proceeds from the sale of the property subject to the lien shall be deposited into escrow with the Superior Court of Guam until the time for all other lien claimants to record their liens has expired. Should one hundred fifty percent (150%) of the aggregate amount of all claims of lien be less than the total amount of the proceeds in escrow, then the lien claimants who have obtained a final judgment may apply to the Superior Court for an order authorizing the disbursal of the COL5/8/2020 CH. 33 LIENS IN GENERAL full amount of said judgment with interest accrued. However, should one hundred fifty percent (150%) of the aggregate amount of all claims of lien be more than the total amount of the proceeds in escrow, then the lien claimants who have obtained final judgment shall only be entitled to a pro rata partial disbursement equal to the ratio their total judgment with interest accrued bears to one hundred fifty percent (150%) of the aggregate amount of all claims of lien, until such time when all lien claims have been finalized by final judgment or dismissal, at which time the actual pro rata share of each lien claimant can be determined and disbursed accordingly by court order.