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20130865 ; termination of Lessees' Lease should be made because of a default by the Lessees. At least ten (10) days written notice shall be given of any such meeting, and the Lessees shall be given full opportunity to show why his or her Lease should not be terminated. (b) If a majority of the stockholders of Lessor, present and voting at such meeting, determines that Lessees are in default under this Lease and that the same should be terminated, the Lessees shall have one hundred twenty (120) days within which to remove his or her improvements on said premises; and, if he or she fails to remove the same within such 120 days, the Lessor and the Lessees shall join in a public auction of the improvements remaining upon said leased premises, and the net proceeds from any such sale shall be applied as follows: FIRST in the payment of any unpaid rents or other amounts owing by Lessees to Lessor; SECOND any remaining proceeds, subject to the rights of mortgagees, shall be paid to the Lessees. The Lessor agrees to give a new Lease to a suitable p urchaser at such public auction. II THIS LEASE AGREEMENT shall bind the Lessor and the Lessees and his personal representatives, successors, devisees, legatees, heirs-at-law, and assigns. KUESTER LAKE, INC. By La Frost, Its President LESSOR —NI y ) ark R. Christenson b ebra J. gstenson LESSEES STATE OF NEBRASKA, COUNTY OF HALL )ss. The foregoing instrument was acknowledged before me this 6Q'/- day of October, 2013, by Larry Frost, president of Kuester Lake, Inc., a Nebraska corporation, on behalf of the corporation. GENERAI.NOTARY•State of Nebraska 01C14.e.) .31a4-10zeit) TERRI L SAMSON Notary Public •.. My Comm Exp.May 10,2015 STATE OF NEBRASKA, COUNTY OF HALL ) ss. The foregoing instrument was acknowledged before me this 075 day of October, 2013, by Mark R. Christenson and Debra J. Christenson, Lessees. lAr0ENERALNOM(-lee ofNi /• E Own 201/ J / JA Pu•lic • 3