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<br />82-..~ Q ~ 1:~ ~; <br />7. The holder of any mortgage authorized by the Director of- <br />.the Community 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 other 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 permit or authorize any such holder,- <br />. to devote the property or any Dart 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 or Community Develop <br />ment Plan of the City of Grand Island. <br />8. Grantees shall not protest the creation of any improvement_ <br />.districts,-including but not limited to paving, sanitary s-ewer, <br />water main, storm water drainage., or side:aalks, 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 cif <br />reverter shall invest in the Grantor herein, the City of Grand <br />