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1■1•111111111 ■111■11■• Emu swim =Elmo Return to: Advantage Title, 503 West Koenig, Grand Island, NE 68801 1 Description of Leased Premises: A tract of land generally known as Lot Nineteen (19), on the East Side of the West Lake at Kuester Lake, the property is that occupied by the resident at #72 Kuester Lake, said tract being a part of the East Half of the Southwest Quarter (E%SW%) of Section Thirteen (13), Township Eleven (11) North, Range Nine (9) West of the 6 P.M., Hall County, Nebraska, said tract being more particularly described as follows: With reference to the Southeast corner of said East Half of the Southwest Quarter (E%SW%) (the South 1/4 corner of said Section 13); thence running on a bearing of N47°28'28"W on the South line of said East Half of the Southwest Quarter (E%SW%) assumed N90°0'00"W for a distance of 924.92 feet to the actual POINT OF BEGINNING; thence N49°08'29"W for 153.24 feet; thence N30°29'40"E for 71.57 feet; thence S59°44'28"E for 176.67 feet; thence S45°02'55"W for 103.18 feet to the POINT OF BEGINNING. Such lot is as shown on the plat in the possession of the Lessor. 2. Term of Lease: Thirty-five (35) years, commencing November 1, 2013, and terminating October 31, 2048. (_n (r) C LEASE AGREEMENT Dated: November 1, 2013 THIS AGREEMENT entered into between KUESTER LAKE, INC., LESSOR, and GARY M. BRIGGS and JEANNE M. BRIGGS, Husband and Wife, as Joint Tenants and not as tenants in common, LESSEES. 3. Option to Extend Term: Lessees have the option to extend the term of this Lease for an additional 35 years by giving Lessor notice thereof, in writing, by May 1, 2048. 4. Right to Assignment of Lease: Lessees have the right to assign this Lease provided: (a) Lessees have complied with all terms of this Lease. (b) Lessees transfer to the new owner all interest and ownership of the Lessees in the common stock of Kuester Lake, Inc. (c) The new Lessees agree, in writing, to abide by the terms of the Lease so assigned, any new Lease of these premises, and to abide by the Agreement entered into by this Lessees' predecessors in title with Kuester Lake, Inc. on or about November 4, 1974, the terms of which are incorporated herein by reference. (d) The new Lessees shall be entitled to a new Lease for a 35-year term. The term may be longer if consented to by the Lessor. (e) Any subleasing must have the Lessor's approval. (f) The Lessees have the absolute right to conditionally assign this Lease to any mortgagee for the purpose of furnishing such mortgagee additional security. 5. Rent. The Lessees shall pay to Lessor, as annual rent, payable in advance and on or before July first each year, such rent as may be annually determined by the Lessor under the following formula: c) co 1