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..�— <br /> . <br /> � � � 98-� 1C�4496 <br /> called for the purpose of determining by <br /> majority vote of the stockholders of Lessor, <br /> present and voting, as to whether or not <br /> termination of Lessee' s Lease should be made <br /> because of a default by the Lessee. At least <br /> ten (10) days written notice shall be given <br /> of any such meeting, and the Lessee shall be <br /> given full opportunity to show why his or her <br /> Lease should not be terminated. <br /> (b) If a majority of the stockholders of Lessor, <br /> present and voting at such meeting, <br /> determines that Lessee is in default under <br /> his Lease and that the same should be <br /> terminated, the Lessee shall have one hundred <br /> twenty (120) days wi�hin which to remove his <br /> or her improvements on said premises; and, if <br /> he or she fails t� remove the same within <br /> such 120 days, the Lessor and the Lessee <br /> shall join in a public auction of the <br /> improvements remaining upon said leased <br /> premises, and the net proceeds from any such <br /> sale shall be applied as follows : <br /> FIRST in the payment of any unpaid rents or other <br /> amounts owing by Lessee to Lessor; <br /> SECOND any remaining proceeds, subject to the <br /> rights of mortgagees, shall be paid to the Lessee . <br /> The Lessor agrees to give a new Lease to a <br /> suitable purchaser at such public auction. <br /> THIS LEASE AGREEMENT shall bind the Lessor and the Lessee <br /> and their personal representatives, successc;rs, devisees, <br /> 1Pg�.tees, heirs-at-law, and �ssigns . <br /> KUEST LAKE, INC. <br /> By <br /> Its President <br /> LESSOR <br /> %�.� <br /> �6-yi'�''���7 <br /> RICHARD S . RASMUSSEN <br /> LESSEE <br /> STATE OF NEBRASKA ) <br /> ) ss . <br /> COUNTY OF HALL ) <br /> On this � day of , 1995, before me, a Notary <br /> Public within and for sa' County, personally came RICHARD S . <br /> RASNNSSEN, Lessee, who is known to me and known to me to be the <br /> identical person whose name is affixed to the foregoing as <br /> Lessee, and acknowledged his execution to be his voluntary act <br /> and deed for the purposes therein set forth. <br /> WITNESS my hand and Notarial Seal the date last above <br /> written. <br /> ,. <br /> 6EN9W.MOTA�Y-Sqlt�f Nllt�tb � ;� . V`.- � <br /> ARTFlUR C.M/1YER o t a ry Pu b 1 i c <br /> ���.._ My Comm.Ezp.feb.4,1996 <br />