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Elmo decided to sell his house, which was mort- gaged to Last Bank. After Elmo found a buyer who was willing to pay cash, Last

Elmo decided to sell his house, which was mort- gaged to Last Bank. After Elmo found a buyer who was willing to pay cash, Last Bank advised him that he could not pay off the balance due on the mortgage but, instead, had to continue his monthly payments. Is Elmo entitled to pay off the mortgage? Why or why not?

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