The borough council of the borough may, by resolution, enter into an agreement with the owner of any fire damaged property situated in the borough 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
7 of Title 54 of the Revised Statutes of New Jersey, if the borough council is satisfied that the claim for fire damages is to be used to restore or improve the fire damaged property.
In the event of such resolution, a certified copy of said resolution
shall be sent to the insurance company authorizing the insurance company
to make full payment of the claim to the insured.
The official certificate of search may from time to time, be
altered, by the bonded official responsible for preparing such certificates,
in order to cancel any error or omissions or to add any municipal
liens or related charges due and payable subsequent to the preparation
of the official certificate.
Upon adoption of this chapter, a certified copy shall be filed
by the Clerk of the borough with the State Commissioner of Insurance
pursuant to Section 2 of P.L. 1978, Chapter 184.