Rinse nectarines. Remove pits and chop unpared fruit to measure 3 cups.
Combine in saucepan with lime juice, applesauce and powdered pectin. Bring to a hard boil over high heat. Add sugar and bring to hard boil. Boil at high heat for 1 minute. Remove from heat. Skim off foam. Stir occasionally and skim for 5 minutes.
Ladle into 5 hot, sterilized 8-ounce glasses and top with melted paraffin or seal in half-pint jars.