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2012Q4��� <br />(a) A special meeting of all stockholders of Lessor shall be called by <br />the Board of Directors of Lessor, and written notice of such meeting <br />and its purposes be given all such stockholders. Such meeting <br />shall be calfed for the purpose of determining by majority vote of the <br />stockholders of Lessor, present and voting, as to whether or not <br />termination of Lessees' Lease should be made because of a default <br />by the Lessees. At least ten (10) days written notice shall be given <br />of any such meeting, and the Lessees shall be given full opportunity <br />to show why his or her Lease should not be terminated. <br />(b) If a majority of the stockholders of Lessor, present and voting at <br />such meeting, determines that Lessees are in default under this <br />Lease and that the same should be terminated, the Lessees shall <br />have one hundred twenty (120) days within which to remove his or <br />her improvements on said premises; and, if he or she fails to <br />remove the same within such 120 days, the Lessor and the <br />Lessees shall join in a public auction of the improvements <br />remaining upon said leased premises, and the net proceeds from <br />any such sale shall be applied as follows: <br />FIRST in the payment of any unpaid rents or other amounts owing <br />by Lessees to Lessor; <br />SECOND any remaining proceeds, subject to the rights of mortgagees, shall be <br />paid to the Lessees. The Lessor agrees to give a new Lease to a suitable <br />purchaser at such public auction. <br />THIS LEASE AGREEMENT shall bind the Lessor and the Lessees and their personal <br />representatives, successors, devisees, legatees, heirs-at-law, and assigns. <br />KUESTER LAKE, INC. <br />By <br />La Frost, Its President <br />LESSOR <br />� � <br />,. ,. � �.[�Si�� <br />- �_ .� <br />.r - ... <br />���6 / / V ��G' v / / ���`+ <br />Betty Jean Hamapp <br />LESSEES <br />STATE OF NEBRASKA, COUNTY OF HALL ) ss. <br />The foregoing instrument was acknowledged before me this ��day of June, 2012, by <br />Larry Frost, president of Kuester Lake, Inc., a Nebraska corporation, on behalf of the corporation. <br />�IAI. h►oTARIt -S�te at Ne�ssf� � <br />DUANE A. BURNS <br />�►� •���'�� otary Public <br />STATE OF NEBRASKA, COUNTY OF HALL ) ss. <br />The foregoing instrument was acknowledged before me this �� day of June, 2012, by <br />Eugene Carl Hamapp and Betty Jean Hamapp, Lessees. <br />GENERAL NOTARY • State of Nebraska <br />ELIZABETH A GARDUNO <br />My Comm. Exp. March 2, 2013 <br />� <br />1.� J�/. i��l ���// / � � <br />� � �-� - <br />3 <br />