N.J.S.A. 2A:50-50

Judgment on foreclosure for failure to procure insurance or pay insurance premiums; no merger; lien of mortgage continued

2A:50-50. Judgment on foreclosure for failure to procure insurance or pay insurance premiums; no merger; lien of mortgage continued The judgment in a foreclosure proceeding under authority of section 2A:50-49 of this title shall adjudge that the mortgage shall not be deemed to be merged therein, but shall remain in full force and effect as security for the principal sum due thereon and accrued interest. L.1951 (1st SS), c.344.

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