Judge Paul Levy of the New Jersey Superior Court late Wednesday sided with insurance regulators and Mutual Benefit Life Insurance Co. by forgin an agreement forbidding trustees from foreclosing on properties backed by the failed life insurer.

As long as Mutual Benefit and its rehabilitators -- including the state's insurance commissioner, Samuel F. Fortunato -- comply with nine conditions set forth in Tuesday's agreement, trustees may not "commence or continue any action of foreclosure," the order says.

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