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 city
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 city, 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.