Find Laws Find Lawyers Free Legal Forms USA State Laws

NEW JERSEY STATUTES AND CODES

2A:50-43 - Foreclosure for unpaid installment of principal authorized

2A:50-43.  Foreclosure for unpaid installment of principal authorized
    Whenever, under the terms of a mortgage it is provided that there shall be paid on account of the principal sum secured thereby any payment on account thereof, due at a time or times therein specified, the holder of the mortgage may, whenever the owner of the mortgaged premises defaults in making any such payment on account of the principal sum, at the time when the same has become due, or within such period of grace as is designated in the mortgage or the evidence of debt secured thereby, elect to foreclose the mortgage only to the extent that there is due and unpaid thereunder any payment required to be made on account of the principal, either by the terms of the mortgage or the evidence of debt secured thereby.
 
L.1951 (1st SS), c.344.
 

New Jersey Forms by Issue

New Jersey Court Forms

New Jersey Law

New Jersey State Laws
New Jersey Tax
New Jersey Labor Laws
New Jersey Agencies
    > New Jersey DMV

New Jersey Court Map

Tips