New Jersey Statutes Appendix - Former Title 3A Administration of Estates Decedents and Others 3A § 15-8

a. Any fiduciary authorized to loan or invest money intrusted to him in bonds or other obligations secured by first mortgages on improved real estate may purchase or invest in such bonds or other obligations so secured and may pay a premium therefor, brokers' commissions for the procurement thereof, title charges, attorneys' fees, recording fees, the cost of survey, the cost of United States internal revenue stamps, and other charges incidental to and incurred in connection with such purchase or investment.

b. Such premiums, commissions and other charges paid under the authority of this section shall be paid out of the principal of the estate, trust or guardianship funds being administered by the fiduciary and may be amortized out of income in the same manner as premiums on other securities purchased by fiduciaries are amortized out of income.