N.J.S.A. 2A:50-47 — Judgment on foreclosure for unpaid municipal liens; no merger; lien of mortgage continued

2A:50-47. Judgment on foreclosure for unpaid municipal liens; no merger; lien of mortgage continued The judgment entered in a foreclosure proceeding under authority of section 2A:50-48 of this title shall be only for the amount of the municipal lien or liens unpaid and paid or purchased by the holder of the mortgage, with interest on the amount of such lien or liens so paid or purchased by the holder of the mortgage from the date of such payment or purchase, and shall adjudge that the mortgage shall be deemed not to have merged therein, but shall remain in full force and effect as security for the principal sum due thereon, with accrued interest. L.1951 (1st SS), c.344.

This is the verbatim text of N.J.S.A. 2A:50-47, 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.