[HISTORY: Adopted by the Township Committee of the Township of Oxford 3-16-1995 by Ord. No. 95-2 (Ch. 54 of the 1974 Township Code). Amendments noted where applicable.]
No insurance company shall pay any claim in excess of $2,500 for fire damages on any real property located within the Township of Oxford, pursuant to any fire insurance policy issued or renewed after the adoption of this chapter and after its filing with the State Commissioner of Insurance, except as follows:
The insured individual or entity submits an official certificate of search for municipal liens pursuant to N.J.S.A. 54:5-12, certifying that all taxes, assessments or other municipal liens or charges levied and assessed and due and payable against said property have been paid; and
The insured person or entity has submitted a certification acknowledged by a notary public commissioned in the State of New Jersey that all demolition costs have been paid or that demolition is not required; or
The Township provides the insurer with a certified copy of a resolution pursuant to which the Township has entered 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, for the redemption of any tax sale lien by installment payments pursuant to N.J.S.A. 54:5-65 et seq., or the payment by installment of any anticipated costs of demolition.
Any request for an official certificate of search for municipal liens pursuant to this chapter shall specify that the search concerns fire-damaged property.
The Township's claim made in accordance with the provisions of this chapter shall be paramount to any other claims on the proceeds of the fire insurance policy, except as provided in N.J.S.A. 17:36-12, as it may be amended from time to time.
In the event that an appeal is taken on the amount of any lien or charge, other than an appeal based upon the assessed valuation of real property pursuant to N.J.S.A. 54:3-21, the insurance company shall comply with the procedures set forth in N.J.S.A. 17:36-10, as it may be amended from time to time.