State Codes and Statutes

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

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.