Search Rutgers Law Library N.J. Court Opinions

1 SOVEREIGN BANK v. SILVERLINE HOLDINGS CORP., et al. -- rank: 1000

... An additional priority provision, upon which Dellanno relies, appears in N.J.S.A. 2A:44A-22, which provides in relevant part that "[e]very mortgage" shall ... charges described in (a), (c), (d), and (e).     Dellanno construes N.J.S.A. 2A:44A-22 to apply to all construction mortgages, whether recorded prior or ... Sovereign in this case. In essence, Dellanno's construction of N.J.S.A. 2A:44A-22 requires the insertion of the word "only" into the sentence ... 8(b). Additionally, in a provision similar to the present N.J.S.A. 2A:44A-22, mortgages were accorded priority, regardless of the date of recordation ... loan funds are utilized for the purposes set forth in N.J.S.A. 2A:44A-22. It is only when the construction loan proceeds are misused ... 44A-10 controls, giving Sovereign automatic priority. The provisions of N.J.S.A. 2A:44A-22 never come into play. If this were not the ...

docket:	A3117-02
court:	NJ Superior Court Appellate Division
decided:	2004-03-23
status:	published
citation:	368 N.J. Super. 1 845 A.2d 159
Document Size:	27653

2 BRUNO LATO v. ROCKAWAY TOWNSHIP -- rank: 501

... N.J.Super. 637, 641 n.2 (App. Div. 1986); N.J.S.A. 2A:44A-22, 27. If the property has sufficient value, the proceeds of ...

docket:	06383-96
court:
decided:	1997-03-21
status:
citation:	16 N.J. Tax 355
Document Size:	68942