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{'t {s 4 7, The holder of any mortgage authorized by the Director cf the Community Development Agency, including any holder who obtains title to the Premises or any part thereof as a result of foreclosure proceedings or action in lieu thereof (but not including: (a) any other party who thereafter obtains title to the Premises or such part from or through such holder; ar (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, or to guarantee such construction or completion. Nothing in these covenants or this deed shall be deemed or construed to permit or authorize any such holder to devote the property ar any part thereof to an_y uses, or construct any improvements thereon other than those uses and improvements provided or permitted in the Urban Renewal Plan or Community Development Plan of the City of Grand lsland. S. Grantees shall not protest the creation of any improvement districts, including but not limited to, paving, sanitary sewer, water main, storm water drainage or sidewalks which may be created in yr adjacent to the Premises for which the Fremises may be subject to the Levy of special assessments. The foregoing prohibition shall I1~,% prahl~l.t %tae Grazlice.`~' ir~1~u C3b,]~C~3.11[r, t--~ ti12 amaLint of any sUCil special a~seasmen_t wh~ct~ m~~- he levied against the FreuxiGes. This deed shall convey to Gzantees an estate in fee Simple determinable, and in the event of breach, the passibility of reverter shall vest in the Grantor herein, the City of Grand Island, Nebraska. Grantor hereby covenants with Grantees and with Grantees' heirs and assigns that Grantor is lawfully seized c>f said Premises; chat they are free from encumbrance, except easements of record and visible easements; that Grantor has goad right and lawful authority tv convey the same, subject to the foregoinr~ cs~ndieians; and that Grantor warrants and will defend the title to Said Premises against the lawful claims of all persons wha~msoever. Upon final compliance with the Urban Renewal Plan and the Community Development 1'1 an of the City of grand Island, Nebraska, ~ ,.