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<br /> �`��� �: THIB AGREEt+IENT ent�red, in�o bBt4tesn IQTES�t LARB, II3C., . �•
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<br /> °' . LESSOR; and BBCRY L., BAKER, �as so2� owrier, LESSEB. ' �.
<br /> ��� `�,' .1. �ocnrf r�t�.4 0� I,�ased Pre�n�.ses• LO� F3.V@ (5)� Sf.fi@8�@d OA �`v- `-
<br /> �:��:' the East side of the $ast portion ef Y�ues�er Lakg, and bei�tg.a p�uct
<br /> `..� � o� �he East Half af �hhe Southc�est Quar�e� (E�S[d�) in Section 13, `
<br /> •��� � `:F', . P.M. ' in Hall Coun �`y.
<br /> .� Tateras$ip 11 Nor�. Rahge 9 West cf the 6th , �Y. �-�
<br /> ���u Nebraska; such lotc is as sho� on a plat in possession of Lesser. �f:���
<br /> � �� =
<br /> � . . �3°:.
<br /> ` . � 2. Term of Lease: Tbirty-fiv� (35j Years, commenafng -"-
<br /> ` � Decembef 2, 199�, and terminating Navember 30, 2032. �;;:,
<br /> �" 3. Qptign to Pa�snd Te�nn: I�essee has the op�ion to e�ttend R �
<br /> .�.':.'t ..
<br /> Y.ha term af this Lease 'for an additional 35 years by qiving Lessar ,�,.,.-
<br /> .� � � notice thereof, in writing, by Ju2y i, x032r . ' �.-.�=:�:
<br /> �. .
<br /> _.�.�. . �` ;-:.
<br /> , ','� , .f.° . 4. �,ght �Q Assfgnment of Leases Lessee has the �cight ta
<br /> � _ , ;.:..�: aesign this Lease provided: . ��<'-��
<br /> .�:, _•;,�;_ , --- =
<br />._tr.� ..?�'.� �_
<br /> . . (a) Le�see has complied with all ter�as of t&is r;�
<br /> t.ease. � .
<br /> � " (b) Less�e transfers ta the new oTrmer.a2� `�nCerest '�:r���_
<br />- ... . '_:';,.,��,. . and ownership� of �he Lessee 3n xhe common ►._�
<br /> stock� of Kueste'r Lake, Inc. � -.
<br /> �' (cj The new Lessee agrees, _in writirtg, to abide by , _
<br /> f' �� .' .�� . the teYms of the Lease so assiqned, � any new °'� -=
<br /> ���=-_
<br /> . . � Lea�e of these premises, and to abide by the � � ��-
<br /> � �� ��;_ � � Agreeiaent entered into by this Lessee�s . � ______
<br /> '/�. ° � ' . predecessers in title with Kuesteir Lake, Inc. . � -
<br /> � � on or abo�t November 4, 1974, the tetms of �.�;°"°
<br /> '�.� � � " �' cahich are incarparated hsrein by reference. -_�
<br /> :'�, ' . ��.����'. (d) The azew Lessee shall be entit2ed �a a neta � _--=_-
<br /> � �;.,., .. . .
<br /> :;t, �.`:.•. �� _.
<br /> .- • . Lease for a 35-year tena. The tes�n may be =-:-=
<br /> lo�qer iP conaented to by the Lessor. ' ='=:__
<br /> ,� . . (e). Any subleasinq must have the Lsssor's � .4...^.
<br /> :. � appraval. �-'=
<br /> � � . (f) The Lessee has the absolute right to ��°'
<br /> �� conditionally assi.gn this Lease to any � -
<br /> , �':.., ,� . mortgagee for the purpose of farriishing such . , � �-
<br /> mortgagee adc7ltional seaurity.
<br /> ._ _ ' . � �,n -__
<br /> � 5. ent. The Lessee shall pay to Lessmr, as annual rent,
<br />� � � payable fn �d�ra�tce and on or bePore Juiy first each year, such r2nt . �+�
<br />:��.;�. ., � as may bg annually determined by the Lessor under t�e following � � •��;_
<br /> . , ._ � Pormula: � � � ..�
<br /> . . . .. � . x.
<br /> � ..� •� :�; The annual rent shall be an amount, eacri year, . ���
<br /> �s . . . equal to the result of diviciing the total � �
<br /> � • number of residentia2 lessee-stockholder lots .
<br /> � _ into that year�s anticipated net budqe�t neec�� _
<br /> � ' . of the Lessar.
<br />-_ . , .
<br /> ' The cQmputa�ioz� oP the annual rent shall be done by the Lessar, but � .
<br />_� .• � � � shall be uniform ameng all lessee-stockholders oP Kueste= Lake,
<br /> • • ", . 2nc. I� any event the annual rent of the Lessee shall not exceed
<br />�" , ' One Hundred Dollars ($100.00) ur�less a majority a� all lessee- .
<br /> � � . � stockholders oE Kuester Lake, Inc. (one vote for each share�,
<br /> - ' �. � present anci voting at a special meeting cala.ed for that purpose, �
<br />- � • .�� shall approve the same. �
<br /> � � • 6. Ac�ess. The L�ssee shall have access from the leased :
<br /> • . � premises onto the Lessor!s roads and shall also have the right to •.
<br /> � use the lake for boating, so�imming, and fishing. These ac�ess
<br /> , .. � rights are in common with the other leaseholders at Kuester Lake. .
<br /> `� �. . . . .
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