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Nickles has missed his last three mortgage payments. There is a provision in the mortgage note to Epstein Savings and Loan ( ESL ) that,

Nickles has missed his last three mortgage payments. There is a provision in the mortgage note to Epstein Savings and Loan (ESL) that, in the event of the mortgagors default in making any one or more of the scheduled payments, the lender may declare the entire obligation due and owing in full. ESL has taken advantage of this clause to accelerate the loan and has commenced foreclosure proceedings. Prior to the scheduled foreclosure sale, Nickles files for relief under Chapter 13. Nickless plan proposes to cure the default and reinstate the regular payments. ESL objects on the ground that it is too late, inasmuch as once the mortgage debt was accelerated, Nickles was required to pay the full amount due. What result? See sections 1322(b)(2) & (5). If Nickles can cure, is he required to pay interest on the amount in arrears? See section 1322(e). How long does Nickless right to cure last? See section 1322(c)(1).

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