[HISTORY: Adopted by the Mayor and Council of the Borough of Runnemede 12-29-1999 by Ord. No. 99-14 (Ch. 72A, Art. I, of the 1970 Code). Amendments noted where applicable.]
Pursuant to N.J.S.A. 17:36-8 et seq., no insurance company shall make payment to an insured of any claim in excess of $2,500 for fire damage on any real property located within the Borough of Runnemede pursuant to any fire insurance policy issued or renewed after the adoption of this article and after filing this article with the State Commissioner of Insurance until such time as all anticipated demolition costs and all taxes, assessments and all other municipal liens due and payable, pursuant to N.J.S.A. 54:5-12, and appearing on a certificate of search shall have been paid either by the owner of such real property or by the insurance company insuring the property owner.
The official certificate of search, as hereinabove provided for, may be altered by the bonded official 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.
A certified copy of this article shall be filed by the Borough Clerk with the New Jersey Commissioner of Insurance.