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<br />o` the applicable grace period therefore, the M:ortgugor <br />shall have the right to advance the funds necessarv to cure <br />such default and all funds so advanced 'by the-Mor.t¢agor, <br />together with interest thereon at the rate of /3 per <br />annum shaY3 be credited against the next. installment(sj of <br />the interest and,princ'ipal due under the kTraparaund Mortgage. <br />8. Casualty to se and aondemnatioca. Anything <br />hereinbefore contained to the contrary notwithstanding: <br />{a) Incase of casualty to env portion of the <br />Mortgaged Premises resulting in damage or destruction, <br />Fall .insurance monies paid to the D;o'stgagee, less the <br />actual casts, fees: and:-expenses {if any) incurred in <br />connection with the adjustment of the loss shall be <br />made available to'the MorCgagor from time to time <br />toward the'cast of restoringthe mortgage premises, as <br />the work of restoration progresses. Such. payment shall <br />be made an the cez ificacion of an Independent, reparable <br />licensed archftecG of the ~`Sartgagor or of the then <br />awner of the mortgaged premises showing the amounts::. <br />actually expended ar incurred in connection with such <br />restoration. the partys further agree that if `the <br />amount of the net insurance proeeede received by the <br />~!ortgagee from the insurance carrier, plus ar.y additional <br />eunds paid by the !4ortgagor,, is in `excess of the actual <br />amount necessary to effect such restoration, then afte r <br />5 <br />U <br /> <br />t <br />