Any request for an official certificate of search for municipal
liens shall specify that the search concerns fire-damaged property.
If an appeal is taken on the amount of any lien or charge other
than an appeal on the assessed valuation of real property pursuant
to N.J.S.A. 54:3-21, the insurance company shall issue a draft payable
to the court of record to be held by the court in an interest-bearing
escrow account in the state or federally chartered bank, savings bank
or savings and loan association in the state in an amount totaling
75% of the full amount of the lien or charge being contested, but
not to exceed the proceeds payable under its insurance policy, and
the insurance company shall issue a draft payable to the municipality
for the remaining 25% of the lien or charge being contested with the
full amount paid by the insurance company to the court and the municipality
not to exceed the proceeds payable under its insurance policy pending
termination of all proceedings, at which time such moneys and all
interest accruing thereon at a rate paid on interest-bearing accounts
in state or federally chartered banks, savings bank or savings and
loan association to the state shall be disbursed in accordance with
the final order or judgment of the court.
The Borough Council of the Borough of South Plainfield may by resolution enter into an agreement with the owner of any fire-damaged property situated in the Borough of South Plainfield 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 a tax sale lien by installment payments pursuant to Article 7 of Chapter
5 of Title 54 of the Revised Statutes of New Jersey or for the payment in full of any anticipated costs of demolition by installment, if the Council is satisfied that the claim for fire damages is to be used to restore or improve the fire-damaged property.