State Codes and Statutes

Statutes > New-jersey > Title-2a > Section-2a-50 > 2a-50-41

2A:50-41.  Judgment on foreclosure for unpaid interest;  no merger; lien of  mortgage continued
    The judgment entered in a foreclosure proceeding under authority of section  2A:50-40 of this title shall be only for the amount of unpaid interest due  under the terms of the mortgage to the date of the judgment, and costs, and  shall adjudge that the mortgage shall not be deemed to have merged in the  judgment, but shall remain in full force and effect as security for the payment  of the principal sum then remaining due thereon and secured thereby, and  interest upon the principal sum to become due thereon from the date of the  judgment.
 
L.1951 (1st SS), c.344.