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<br /> �j (�b) If a majority of the stoc7c of Lessor , present
<br /> ; � and voting at such meeting , determines that Lessee
<br /> • � is in default under his lease and that the same y
<br /> a � ' should be terminated, the Lessee shall have one
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<br /> ! � hundred twenty ( 120 ) days within which to remove
<br /> � ' his or h�r improvements on said premises and, if he
<br /> ,�+ or she fails to remove the same within such 120
<br /> i � days , the Lessor and the Lessee shall join in a
<br /> ; ; public auction of the improvements remaining upon
<br /> " � the 2eased premises anc� the net pro¢eeds from any
<br /> :{ � such sale shall be applied as Pollows :
<br /> iti :
<br /> , j� FIRST in the payment of any unpaid rents or other
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<br /> i amounts owing by Lessee to Lessor ;
<br /> ' ; , SECOND any remaining proceeds , subject to the
<br /> ; `j ' • rights of mortgagees , shall be paid to tha
<br /> �i Lessee . The Lessor agrees to give a -new
<br /> ? " lease to a suitable purchaser at such public
<br /> � auction . '
<br /> j ' TFiIS LEASE AGREEMENT shall bind the Lessor and the Lessee and
<br /> i their personal representatives , .successors , devisees , legatees , .
<br /> 1� heirs-at-law and assigr�s . ' ,
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<br /> � � KUESTER LAKE . 2NC . � � � "
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<br /> }� • .. LESSOR � � -
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<br /> � �' � � � � argaret � . Casse � � � � � ,��
<br /> ' ' LESSEE
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<br /> , � STATE OF NEBRASKA ) ' .
<br /> as .
<br /> ,� COUNTY OF HALL )
<br /> :�,
<br /> ; On this 26th day of Aprii 197 8 , before me , a Notary
<br /> • Public within and £or said county , personally came •
<br /> . ` James E . Cassey and Marg'aret A . Cassey
<br /> � Lesaee , known to me and Jcnown to me to be the identical person ( s )
<br /> , ;
<br /> ivhose name is a£fixed to the £oregoing as Lessee , and acknowledged
<br /> ; ; :their execution thereof to be their voluntary act and deed £or the
<br /> � # �'purposea therein set £orth .
<br /> ' Witness my hand and notarial seal the date last above written .
<br /> - � .My Notarial Con¢nission expires : � � c '7 . /9 £i'o . •
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<br /> � � . � �• NOTARY � - " � � . . . � : _ _` � .
<br /> � COMM��SION � . , . . ' � � � �
<br /> � � , S� EXPIRES � . . . . . , � . � . 4c„- ' +
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