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<br />$2-`bt~t~~.l~ <br />7. The holder of any mortgage authorized by the Director of <br />the Gommunity Development Agency, including any holder who obtains <br />title to the Premises or any part thereof as a result of foreclosure <br />.proceedings or action in lieu thereof (but not including.:- <br />(a) any ather party who thereafter obtains title to the - <br />Premises or such part from or through such holder; <br />or <br />(b) any other purchaser at foreclosure sale other than <br />the holder of the mortgage itself,) <br />shall be obligated by the provisions of this deed to construct or <br />complete the construction of the improvements, or to guarantee-such <br />construction or completion. Nothing in these covenants or this deed <br />shall be deemed or construed to pexmit or authorize any such holder <br />to devote the property or any part thereof to any uses, or construct <br />any improvements thereon other than those uses and improvements pro- <br />vided or permitted in the urban Renewal Plan ar Gommunity Develop- <br />ment Plan of the City of Grand Island. <br />8. Grantees shall not protest the creation of an_y improvement <br />districts, including but not limited to paving, sanitary sewer,. <br />water main, storm water drainage, or sidewalks, which may be created <br />in or adjacent to the Premises for which the Premises may be subject <br />to the levy of special assessments. The foregoing prohibition shall <br />not prohibit the Grantees from objecting to the amount of any such <br />special assessment which may be levied against the Premises. <br />This deed shall convey to Grantees an estate in fee simple <br />determinable, and in the event of breach, the possibility of <br />reverter shall invest in the Grantor herein, the-City of Grand <br />Island, Nebraska. <br />Grantor hereby covenants with Grantees and with Grantees' heirs <br />and as-signs that Grantor is lawfully seized of said Premises; that <br />they are. free from encumbrance, except easements of record and vis- <br />ible easements; that Grantor has good right and lawful authority <br />to convey the same, sub-ject to tt:e foregoing conditions; and that <br />Grantor warrants and will defend the title to said Premises against <br />the lawful claims of all persons whomsoever. <br />_ z <br />