79003517 - Laserfiche WebLink

Browse

7g~: c~~r<~5.1'~ (b) any other purchaser at foreclosure sale other than the holder of the mortgage itself), shall be obligated by the provisions of this deed to construct or complete the construction of the improvements, ar to guarantee such construction or completion. Nothing in these covenants or this deed shall he deemed or construed to permit or authorize any such holder to devote the property or any part thereof to any uses, or construct any improvements thereon other than those uses and improvements provi~ 3 or permitted in the Urban Renewal Plan or Community Development Plan of the City of Grand Island. 8. Grantee shall nct protest the creation of any improvement districts, including but not limited to, paving, sanitary sewer, water main, storm water drainage, or si~3ew=alP:s which may be created in or adjacent to the Premises for which the Premises may be subject to *_he le~ty of special assessments. The foregoing prohibition shall not prohibit the Grantee from objecting to the amount of any such special assessments which may be levied against ttte Premises. This deed shall convey to Grantee an estate in fee simple determinable, and in the event of breach, the possibility of sever*_er shall vest in the Grantorsherein, Plaza Square. Grantors hereby covenant caith Grantee and t.~ith Grantee's successors aIId aSgioUne t???t Gran tars art lawfully seized of Bald PremlSeS' ttlat they are free from encumbrance, except easements of record ar.d visible easements; that Grantors have good right and lawful authority to convey the samie, subject to the foregoing conditions; ar:d that Grantors warrant and will defend the title to said premises against the lawful claims of all persons whomsoever. Upor: final compliance with the Urban ?:enewai Plan and the Community Development Plan of the City of Grand Island, Nebraska, as certified to by the Director of the Coinunity Development Agency, the Grantors will, upon request of Grantee, release the possibility of reverter J - 3 -