15.3.2.040 Cure of Default

(a) The Borrower or any Subordinate Lienholder may cure the default(s) at any time before the entry of a judgment of foreclosure by payment of any arrearages up to the date of payment along with any interest and any reasonable and normal late fees.

(b) Under no circumstances shall the amount required to be tendered include any amounts due pursuant to an acceleration clause.

(c) Any Subordinate Lienholder who has cured a default may thereafter include in its lien the amount of all payments made by such Subordinate Lienholder to cure such default(s), plus interest on such amounts at the rate stated in the promissory note secured by the subordinate lien.