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<br /> <br />title to the Premises ar 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 <br />the Premises or such Part from or throes-such <br />border; or <br />(b) any other purchaser at foreclosure sale other <br />than 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, ar to guarantee-such <br />construction or completion. Nothing in these covenants or this <br />deed shall be deemed or construed to permit or authorize anp such <br />holder to devote the property or any part thereof to any uses, or. <br />constru[:t any improvements thereon other than those uses and. <br />improvements provided or permitted in the Urban Renewal Plan or Coseaunity <br />Ilevelopment 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 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 dead shalt convey to Grantees an estate in fee simple <br />determinable, and in the event of breach, the possibility of reverter <br />shall v$st in the Grantor herein, the City of Grand Island, Nebraska. <br />Grantor hereby covenants with Grantees and with Grantees' heirs <br />~#1 assigns that Grantor is lawfully seized of said Premises; that <br />they are free from encumbrance, except easements of record and <br />visible easements; that Grantor has goad right and lawful authority <br />to convey the sasie, subject to the foregoing conditions; and that <br />Gx°a3itor warrants and will defend the title to said Premises against <br />the l~fsil clams of ail persons whomsoever. <br />Upon fiscal compliance with the Urban Renewal Plan and the <br />£ity Development Flan of the City of Grand Island, Nebraska, <br />- 3 - <br />