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�� <br />�� <br />� '� <br />� � <br />e - <br />c�J .,��� <br />� � <br />� � <br />� <br />� <br />.�� <br />�� <br />�� <br />� <br />� <br />� <br />��� <br />e!p � � <br />�°o � <br />r �� <br />G� <br />V� <br />_ �V <br />r Y � <br />� ' . r- , v <br />i � <br />�a o � " � <br />`. N <br />;� � �e-• � <br />c, ; � <br />.�- `'n � <br />� '� ; � <br />� <br />o (� f--+ <br />� rv � � <br />�, �. <br />� �o � <br />o �- W <br />� <br />Return to: LaDonna E. Enyeart, 73 Kuester Lake, Grand Island, NE 68801 <br />LEASE AGREEMENT <br />Dated: September �, 2011 <br />THIS AGREEMENT entered into between KUESTER LAKE, INC., LESSOR, and <br />LADONNA E. ENYEART and MICHAEL ENYEART, Wife and Husband, as Joint Tenants, <br />LESSEE. <br />I. Description of Leased Premises: <br />n � <br />� "'� <br />C D <br />z --� <br />� m <br />� o <br />o 'Tt <br />�'' z <br />= rn <br />D � <br />r � <br />r n <br />� <br />x <br />n <br />�� <br />cn <br />� <br />Lot Twenty (20), having a lake front footage of 75 feet, situated on the <br />East side of the Westerly Portion of Kuester Lake, and being on a part of <br />the East Half of the Southwest Quarter (E'/ZSW'/a), in Section Thirteen <br />(13), Township Eleven (11) North, Range Nine (9) West of the 6�' P.M., <br />Hall County, Nebraska, bounded on the Westerly side by the common <br />road; <br />Such lot is as shown on the plat in the possession of the Lessor. <br />2. Term of Lease: Thirty-five (35) years, commencing September 1, 2011, and <br />terminating August 31, 2046. <br />3. Option to Extend Term: Lessees have the option to extend the term of this Lease for <br />an additional 35 years by giving Lessor notice thereof, in writing, by August 31, 2046. <br />4. Riaht to Assianment of Lease: Lessees have the right to assign this Lease provided: <br />(a) <br />(b) <br />(c) <br />(d) <br />(e) <br />�fl <br />Lessees have complied with all terms of this Lease. <br />Lessees transfer to the new owner all interest and ownership of the <br />Lessee in the common stock of Kuester Lake, Inc. <br />The new Lessees agree, in writing, to abide by the terms of the <br />Lease so assigned, any new Lease of these premises, and to abide <br />by the Agreement entered into by this Lessee's predecessors in title <br />with Kuester Lake, Inc. on or about November 4, 1974, the terms of <br />which are incorporated herein by reference. <br />The new Lessees shall be entitled to a new Lease for a 35-year <br />term. The term may be Ionger if consented to by the Lessor. <br />Any subleasing must have the Lesso�'s approval. <br />The Lessee has the absolute right to conditionally assign this Lease <br />to any mortgagee for the purpose of fumishing such mortgagee <br />additional security. <br />5. Ren� The Lessees shall pay to Lessor, as annual rent, payable in advance and on or <br />before July first each year, such rent as may be annually determined by the Lessor under the <br />following formula: <br />The annual rent shall be an amount, each year, equal to the result <br />of dividing the total number of residential lessee-stockholder lots <br />into that year's anticipated net budget needs of the Lessor. <br />The computation of the annual rent shall be done by the Lessor, but shall be uniform among all <br />lessee-stockholders of Kuester Lake, Inc. In any event the annual rent of the Lessees shall not <br />exceed One Hundred Dollars ($100.00) unless a majority of all lessee-stockholders of Kuester <br />N <br />O <br />� <br />i'v7 <br />�3 <br />w <br />N <br />_Z <br />� <br />�� <br />f � � <br />1 <br />