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<br />r- <br /> <br />83- l,fJ3765 <br /> <br />SPECIAL WARRANTY DEED <br /> <br /> <br />The CITY OF GRAND ISLAND, ~~BRASKA, a municipal corporation, <br /> <br />herein called the "Grantor", in consideration of Two Thousand Four <br /> <br />Hundred Dollars ($2,400.00) received from Grantees, does hereby <br /> <br />grant, bargain, sell, convey and confirm unto <br /> <br />KEVIN J. WILLEY and CYNTHIA A. WILLEY, <br /> <br /> <br />husband and wife, as joint tenants and not as tenants in common, <br /> <br />herein cR.lled the Grantees, the following described real property in <br /> <br />Hall Countv, Nebraska: <br /> <br />Lot Eighteen (i8), Block Two (2), University Place, an <br />Addition to the City of Grand Island, Hall County, <br />Nebl'''lska, <br /> <br />hereinafter referred to as the "Premises", <br /> <br />To have and to hoLd the above described Premises unto the <br /> <br />Grantees and [0 Grantees' heirs and assigns forever so long as the <br /> <br />Premises i,., used j 11 conformi tv with the Urban Renewal Plan and the <br /> <br />Community Dpvelopment Plan of the City of Grand Island, Nebraska, <br /> <br />and so long as all tho following conditions are met: <br /> <br />1, Grantees shall develop the Premises herein conveyed for <br /> <br />residential use in ;It;cordance w'l th Gnll1tees' proposal to purchase <br /> <br />said Premises. which proposal is on f i 1.1 with the Community Develop- <br /> <br />11lent Agenc)', together wi th thp final plans for Beiid redevelopment <br /> <br />approved by the CL>mmunl ty Dev0lopmenL I\gency and chief building <br />official of Lhe City of Grand Island, Nebraska. <br /> <br />2. Grantees shall begin construction of the improvements on <br /> <br />the Premises within six (61 months from the date of this deed of <br /> <br />conveyance, and said construction shall be completed within one (1) <br /> <br />year from the date of this deed unl('ss completion time is waived <br /> <br />by the lH.rector of the Community Development Agency as a result of <br /> <br />acts or conditions beyond the control of the (;rantees. The resid- <br /> <br />entlal project shall be deemed completed as of the date that the <br /> <br />1 <br /> <br />Director of COlllmunity Development Agency finally examines the <br />Premises and finds it to meet the requirements of the plans and <br />$pt\ciftcations proposed, submitted, and approved for the re~idential <br />dev~loplOOntpurSu8nt to the Urban Renewal Plan and the Community <br /> <br />l>ev.(l;lopmentPlan for the re1.ddt'nt. Lll project, <br />