No insurance company shall pay any claim in excess of $2,500 for fire
damage on any real property located within the confines of the Township of
Lower to any claimant pursuant to any fire insurance policy issued or renewed
after the adoption of this chapter until such time as all such taxes, assessments
and all other municipal liens of the Township of Lower or the Township of
Lower Municipal Utilities Authority, or any Township tax title liens assigned
to outside lien holders, due and payable and appearing on the official certificate
of search, shall have been paid either by the owner of such real property
or by the said insurance company, except as otherwise provided herein.
The official certificate of search may, from time to time, be altered
by the bonded official or officials responsible for preparing such certificates,
in order to correct any errors or omissions or to add any municipal liens
or related charges due and payable subsequent to the preparation of the official
certificate.
Section
333-1 of this chapter shall not apply to any insurance claim wherein the Township of Lower, subsequent to the said fire, enters into an agreement with the owner of the fire-damaged property to pay in full all delinquent taxes, assessments or other municipal liens by installments pursuant to N.J.S.A. 54:5-19 or for the redemption of the tax sale lien by installment payments pursuant to Article 7 of Chapter 5 of Title 54 of the Revised Statutes. Any insurance company receiving a certified copy of such a resolution of agreement from the Township of Lower is authorized to make full payment on the claim to the insured party.