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<br />I <br /> <br />the Community Development Agency, including any <br />title to the Premises or any part thereof as a <br />proceedings or action in lieu thereof (but not including: <br /> <br />. ler <br /> <br /> <br />B3- u06118 <br /> <br />r' <br />I <br /> <br />7. The holder of any mortgage authorized by the Director <br /> <br />(a) any other party who thereafter obtains title to the <br />Premises or such part from or through such holder1 <br />or <br /> <br />(b) any other purchaser at foreclosure sale other than <br />the holder of the mortgage itself,) <br /> <br />shall be obligated by the provisions of this deed to construct or <br /> <br />complete the construction of the improvements, or to guarantee such <br /> <br /> <br />construction or completion. Nothing in these covenants or this deed <br /> <br />shall be deemed or construed to permit or authorize any such holder <br /> <br />to devote the property or any part thereof to any uses, or construct <br /> <br />any improvements thereon other than those uses and improvements pro- <br /> <br />vided or permitted in the urban Rene\val Plan or Community Develop- <br /> <br />ment Plan of the City of Grand Island. <br /> <br />8. Grantees shall not protest the creation of any improvement <br /> <br />districts, including but not limited to paving, sanitary sewer, <br /> <br />water main, storm water drainage, or sidewalks, which may be created <br /> <br />in or adjacent to the ~remises for which the Premises may be subject <br /> <br />to the levv of special assessments. The foregoing prohibition shall <br /> <br />not prohibit the Grantees from objecting to the amount of any such <br /> <br />special assessment which may be levied against the Premises. <br /> <br />This deed shall convey to Grantees an estate in fee simple <br /> <br />determinable, and in the event of breach, the possibility of <br /> <br />reverter shall invest In the Grantor herein, the City of Grand <br /> <br />Island, Nebraska. <br /> <br />Grantor hereby covenants with Grantees and with Grantees' heirs <br /> <br />and assigns that Grantor is lawfully seized of said Premises; that <br /> <br />they are free from encumbrance, except easements of record and vis- <br /> <br />ib1e easements; that Grantor has good right ond lawful authority <br /> <br />to convey the same, subject to the foregoing conditions; and that <br /> <br />Grantor warrants Bnd will defend the title to said Premises against <br /> <br />the lawful claims of all persons whomsoevt'r. <br />