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tjt~~863 7. The holder of any mortgage authorized by the Director oi' the Ccsmiaxnity Development Agency, including any balder who obtains title to the Premises ar anq Bart thereof as a result o€ foreclosure prasaedings or action in lieu thereof (but not including: (a) any other party who thereafter obtains title to the Premises or such part from or *_hrough such balder; or (b) any ether purchaser at foreclosure sale other than the holder of the mortgage itself,) shall be obligated by the gravisions 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 dead. shall be deemed ar construed to permit or authorize any such balder to devote the property or any part thereof to any uses, ar construct any improvements thereon other than those uses and impzaveraenta provided or permitted in the Urban Renewal Plan or Community Development Plan of the City of Grand Island. $. Grantees shah net protest the creation of any imprev€ment districts, including but not limited [o, paving, sanitary sewer, c~etQZ mein, ate W wet€r .a.rainage or sida:,~al'n w~,ieci may tie erected in or adj.acene to the Premises for which the Premises may be subject to the levy of special assessments, ?he Poxegairg prohibition shall net prohibit the Grantees from objecting to the amount of any such special assessesent which may be levied against the Premises. This decd shall convey to Grantees an estate in fee simple determinable, and in the event of breach, the possibility of reverter shall vest i.n the Grantor herein, the City of Grand Island, Nebraska. Grantor hereby covenants with Grantees and wi..th Grantees' heirs and assigns that Granter is lawfully seized of said Premises; chat they are free from encumbrance, except easements of record and v`zsible aasamants: that Grantor has goad right and lawful authority to Canvey the same, subject to the foregoing conditions; and that Grasator warrants and will defend ~iie title to said Premises against the lawful claims of alI persona whomssever_ Upas! final cor~liance with the Urban Renewal Plan and the Ga~eaaetity i~velapment Plan of the City of Grand Island, Nebraska, _ •;