New Jersey Statutes 46:28-3. Exceptions to sections 46:28-1 and 46:28-2
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Terms Used In New Jersey Statutes 46:28-3
- Mortgage: The written agreement pledging property to a creditor as collateral for a loan.
Neither section 46:28-1 nor section 46:28-2 of this title shall apply to any vessel, rolling stock of railroads, or to any chattels which, in the ordinary use thereof at the time of the execution of a mortgage thereof are, from time to time, taken out of the county wherein they were when so mortgaged.