New Jersey Statutes
§ 2A:50-46 — Foreclosure for unpaid municipal liens authorized
New Jersey·Title 2A ADMINISTRATION OF CIVIL AND CRIMINAL JUSTICE
Whenever it is provided in a mortgage, or in the evidence of debt secured thereby, that the mortgagee may claim a default for the nonpayment of any municipal lien or liens on the mortgaged premises which shall have remained unpaid for a specified time, the holder of the mortgage, the municipal lien or liens not having been paid within the specified time, may pay or purchase the lien, taking an assignment thereof, and foreclose the mortgage only for the amount due for the municipal lien or liens. L.1951 (1st SS), c.344.
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Nearby Sections
15
§ 2A:50-1
No personal deficiency judgment in foreclosure actions or execution thereon for balance due§ 2A:50-10
Record of notice§ 2A:50-12
Prior judgments by confession validated§ 2A:50-14
Validation of sales where cestuis que trustent not made parties to foreclosure proceedings§ 2A:50-2.2
Agreement to waive rights; invalidity§ 2A:50-2.3
Application of act