46:9-4 - Covenant to pay indebtedness - New Jersey Statutes

46:9-4.  Covenant to pay indebtedness
    A covenant in any mortgage in the words,  "That          will pay the indebtedness as hereinbefore provided"  shall be construed to have the same force and effect as the following words:

     "And the said          for himself, his heirs, executors, administrators or  successors covenants and agrees to pay unto the said party of the second part,  his heirs, executors, administrators, successors or assigns, the said sum of  money and interest as mentioned above and expressed in the conditions of the  said bond."