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201204969 <br />the Board of Directors of Lessor, and v�ritten notice of such meeting <br />and its purposes be given all such s#ockholders. Such meeting <br />shall be called for the purpose of deterrhining by majority vote of the <br />stockholders of Lessor, present and woting, 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 �hall be given full opportunity <br />to show why his or her Lease should ndt be terminated. <br />(b) If a majority of the stockholders of Lessor, present and voting at <br />such meeting, determines that Lesse�s are in default under this <br />Lease and that the same should be te�rminated, 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 au�tion 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 Les�or and the Lessees and his personal <br />representatives, successors, devisees, legatees, heirs�at-law, and assigns. <br />KUESTER LAKE, INC. <br />By <br />La rost, Its President <br />LESSOR <br />J �/ <br />Je rey L. Vodehnal <br />� ��XA�r <br />Barbara J. Vo hnal <br />LESSEES <br />STATE OF NEBRASKA, COUNTY OF HALL ) ss. <br />June <br />The foregoing instrument was acknowledged b�fore me this 1� day of��, 2012, by <br />Larry Frost, president of Kuester Lake, Inc., a Nebrask� corporation, on behalf of the corporation. <br />a��u�anr:��e� Q� <br />DUANE A. 6URN8 <br />MyCon,m.Fxp.I�d,2a,2ot8 Notary PWblic <br />STATE OF NEBRASKA, COUNTY OF HALL ) ss. <br />June <br />The foregoing instrument was acknowledged b�fore me this � day o�FA�, 2012, by <br />Jeffrey L. Vodehnal and Barbara J. Vodehnal, Lessees; <br />GENERAL NOTAAY - State of Nebraska <br />ELIZABETH A GARDUNO <br />My Comm. Exp. March 2, 2D13 <br />� ,� / <br />' �ir�L. l� j� � L ��, , f(,%11� �. <br />f � . - . <br />3 <br />