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<br /> � (Duplicate Lease)
<br /> THIS l,GREEMENT ontered into betwsen KUESTER LAKE, It�c.. L-
<br /> LESSOR, and HAItOLD O. PICHLER and OPAL M. PICHLER, husband and wiEe
<br />= n�s joint tenants, LESSEE.
<br />- 1. Descrjtitjon of L�ased Pr,�B�
<br /> I,ot Twenty-�One (21) , hnving a lake front footage of B3
<br /> Feet, situated on the West side of the East Portion of
<br /> Kues�ar Laka, and being on a part of the East Half of the
<br /> Southwest Quarter (E�SW�) , in Section Thirteen (z3) , _
<br /> Township Eleven (11) North, 12ange Nine (9) , Hall County,
<br /> Nebraeka, bounded on the Westerly side by the conu�aon
<br /> road;
<br /> such 1ot is as shown on a plat in poesession of Lessar.
<br /> 2, mpr,n of Lease:_ Thirty-five (35) years, commencing MarcYi
<br /> 1, 1975, and terminating February 28, 2010.
<br /> 3� �p�ion to Extend Term: Lessee has �the option to extend
<br /> the term of this Lease for an additional 35 yeara by giving Lessor
<br /> notice thersof, in w�riting, by January 2, 2010.
<br /> ,, pi�.ht r_.e Assianmpn+' of Lease: Lessee k:�s the right to
<br /> assign this Leas� prov�decl�
<br /> (a) Lessee has complied with all tenas of this
<br /> I,ease.
<br /> (b) Lessee transfers to the new owner all intereat
<br /> and ownershi.p of the Lessee in the common
<br /> stock of KueEter Lake, Inc.
<br /> (c) The new Lessee agrees, in writing, to abide by
<br /> the terms of the Lease sn assigned, any netri
<br /> Lease of these premises, and to abide by the
<br /> Aqreement entered into by this Lessee�s
<br /> predecessors in title with Kuester Lake, Inc.
<br /> on or about November 4, 1974, the terms of
<br /> which are incor�orated herein by reference.
<br /> (d) The new Lessee shall be entitled to a new
<br /> Lease for a 35-year terni. The term may be
<br /> longer if cons�ntemu t b have L the r.Lessor's
<br />— (e) Any subleasing
<br /> approval.
<br /> (f) The Lessee has the absolute right to
<br /> conditionally assign this Lease to any
<br /> mnrtgagee for the purpose of furnishing such
<br /> mortgagee additional security.
<br /> = 5. $�rat•- The Lessee shal l pay to Lessor, as annual rent,
<br /> .= payable in advance and on or before July first each year, such rent
<br /> as may be annually dete�nined by the Lessor under the fnllc�wing
<br />
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