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� <br />� <br />N � <br />B � <br />� � <br />N � <br />e � <br />� - <br />� <br />� <br />� <br />� <br />� <br />9�A <br />� <br />C <br />n � "" <br />�� <br />r .� <br />qqq �-� <br />� � hJ <br />w � ��� <br />� y <br />r !' _ <br />�� r �.�, c- <br />o ,� ` � <br />%' �`,- L�II <br />m �._ <br />s, y �� <br />y /� cn '' -� <br />�/ � -i �J <br />� rn � <br />s <br />- ��r ��` W <br />�� � , <br />t'Ti � <br />p S �� U� <br />Return to: Advantage Title, 503 West Koenig, Grand Island, NE 68801 <br />N <br />O <br />F-� <br />�U <br />� <br />� <br />� <br />W <br />'� <br />5 � <br />�S� <br />LEASE AGREEMENT <br />Dated: June �, 2012 <br />� <br />� <br />� <br />� <br />� <br />�v <br />� <br />� <br />� <br />� <br />i <br />�a <br />� <br />� <br />� <br />� <br />� <br />� <br />� <br />THIS AGREEMENT entered into betuveen KUESTER LAKE, INC., LESSOR, and <br />EUGENE CARL HARNAPP and BETTY JEAN HARNAPP, Husband and Wife, as joint tenants, <br />LESSEES. <br />I. Descriation of Leased Premises: <br />Lot Nine (9), situated on the East side of the West Portion of Kuester <br />Lake, and being on a part of the East Half of the Southwest Quarter <br />(E'/zSW%) in Section Thirteen (13), Township Eleven (11) North, Range <br />Nine (9) West of the 6�' P.M., Hall County, Nebraska, having a lake front <br />footage of Eighty (80) feet. <br />Such lot is as shown on the plat in the possession of the Lessor. <br />Z. Term of Lease: Thirty-five (35) years, commencing June �,�, 2012, and terminating <br />June �„�2047. <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 January ,�, 2047. <br />4. Riaht to Assianment of Lease: Lessees have the right to assign this Lease provided: <br />(a) Lessees have complied with all terms of this Lease. <br />(b) Lessees transfer to the new owner all interest and ownership of the <br />Lessees in the common stock of Kuester Lake, Inc. <br />(c) 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 Lessees' 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 />(d) The new Lessees shall be entitled to a new Lease for a 35-year <br />term. The term may be longer if consented to by the Lessor. <br />(e) Any subleasing must have the Lessor's approval. <br />(fl The Lessees have the absolute right to conditionally assign this <br />Lease to any mortgagee for the purpose of fumishing such <br />mortgagee 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 />� / � <br />� � <br />C D <br />Z °-i <br />--� rn <br />� o <br />o � <br />-*, z <br />s rn <br />D m <br />r � <br />r x, <br />� <br />� <br />� <br />(!') <br />� <br />1 <br />