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~~-~ C~ '~ <br />7, The balder of any mortgage authorized by the Director of <br />the Com~nity Develops Agency, including any balder who abtams- <br />title to the Premises er any part thereof as a result of foeclosurei <br />proceedings or action in lieu thereof (hut not including.;:. <br />(a) any other party who thereafter obtains-title to_ <br />the Premises or such part from or through such. <br />holder; or <br />(b) any other purchaser at foreclosure sale other <br />than the holder of the mortgage itself:,)- <br />shalt be ob{i.gated by the provisions of this deed- to cn*_istruct° ar <br />complete the construction of the improvements, or to guarantee <br />such construction or completion. Nothing in these covenants or <br />this deed shall be deemed or construed. to permit ar authorize any <br />such holder to devote the graperty or any part thereof to any <br />uses, or construct any improvements thereon other than those uses <br />and imnrovements provided or permitted in the Urban Renewal Plan <br />or Gommunity Development Plan of the Gity of Grand Island. <br />~. Gr-antees shall not protest tkte ..r€ation u~. an_ _~pr~-.~~,.~..~ <br />districts, including but not limited Co, paving, sanitary sewer, <br />~flten moist; _tc weta•~ d~.~~ns=a __ "__analks w,.~~. -__, _ ~~--r~i <br />i.n ar adjacent to the Premises for which the PGetzi°ts ,may be <br />subject to the levy of special assessments. The foregoing prohibition <br />shall not prohibit the Grantees from objecting to ttte amount of <br />any such special assessment which may be levied against the iremises. <br />This deed shall r_onvey to Grantees an estate in tae si,tn~tle <br />determinable, and in the event of breach, the possibliity ai <br />r~:verter shall. vast it the Grantor heroin, the ~.ity of Grand <br />Island, ivebraska. <br />Greater hereby covenants with Grantees artd crith Z~r.tnt~es' <br />?1~^~ ~~: ~__; .,.z~ Yh~t d'`r~n*~±,_ _._ l~*m f~:13• _R _..~a ..t ..~?.~ it,,..:,..,<~ _- <br />that tYtey are free from encumbrance, cxcc:pt ca>ezrent1 c,f ~aj~•c,r_cl <br />and visible eas~aents> that Gxantax }Las good rigktt and las~bul <br />authority to convey the same, sub,;2ct to the Pore~;ctinP, conditl.otta; <br />and that Grantor warrants and will defend the eztle to said Premise:: <br />against the Lawful claims of ail persons wi~om:~oever. <br />Gp€~n Final compliance with the Urbttn Iianewal i'ian and ehe <br />~.:onit} Develogznt Plan aY tl'ie City of Grand lslaxtd, t'iei~rask€t, <br />_ ~ _. <br />