N.J.S.A. 2A:50-46 — Foreclosure for unpaid municipal liens authorized

2A:50-46. Foreclosure for unpaid municipal liens authorized 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.

This is the verbatim text of N.J.S.A. 2A:50-46, retrieved from the New Jersey Legislature's public statute corpus. Statutes are amended periodically — for the most current version, check the external source link above. Kyzer is not a law firm and this page is not legal advice.