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200005457
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Last modified
10/13/2011 5:18:18 PM
Creation date
10/20/2005 8:52:07 PM
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DEEDS
Inst Number
200005457
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200005457 <br />The annual rent shall be an amount, each year, equal to the result of <br />dividing the total number of residential lessee- stockholder lots into <br />that year's anticipated net budget needs of the Lessor. <br />The computation of the annual rent shall be done by the Lessor, but shall be uniform among all <br />lessee - stockholders of Kuester Lake, Inc. In any event the annual rent of the Lessee shall not exceed <br />One Hundred Dollars ($100.00) unless a majority of all lessee- stockholders of Kuester Lake, Inc. <br />(one vote for each share), present and voting at a special meeting called for that purpose shall <br />approve the same. <br />6. Access. The Lessee shall have access from the leased premises onto the Lessor's <br />roads and shall also have the right to use the lake for boating, swimming, and fishing. These access <br />rights are in common with the other leaseholders at Kuester Lake. <br />6a. Prior Leases. This Lease replaces and supersedes any prior Lease for said premises <br />which the Lessee or his predeceasors in title may have held. <br />7. Determination of Boundaries. The Lessor shall have the right, on a reasonable basis <br />to determine the boundaries between the Lessee and his neighbors if the Lessee and his neighbors <br />cannot agree to such boundary line. The lake front boundary of the leased premises shall be to the <br />water line as the same may exist from time to time with changes in the water level of the lake. The <br />boundary line of the leased premises abutting the Lessor's common roads shall be reasonably <br />determined by the Lessor. <br />8. Peaceful Possession. As long as Lessee conforms with the requirements binding upon <br />him in this Lease Agreement, the Lessee shall enjoy peaceful possession of the leased premises. <br />9. Improvements. The Lessee shall keep the leased premises in a neat and clean <br />condition at all times and shall keep all in a neat and clean condition at all times and shall keep all <br />improvements on the leased premises in a good condition of repair. <br />10. Abandonment. The Lessee agrees not to abandon the leased premises. <br />11. Access for Installing Utility Lines. The Lessor reserves the right to come upon the <br />leased premises for installation of underground or above - ground utility lines and the making of <br />necessary repairs of improvements to or abutting the leased premises. The Lessor agrees to restore <br />the premises to substantially the same condition as they were before any such installation and at the <br />Lessor's expense. <br />12. Rules and Regulations: The Lessee agrees to comply with the rules and regulations <br />as prepared and furnished by the Lessor to the Lessee, from time to time. Such rules and regulations <br />shall contain restrictions and limitations, for the mutual benefit of all Lessees at Kuester Lake, <br />pertaining to the use by the several Lessees at Kuester Lake of the lake itself, common roads, and <br />the leased premises. It is understood that the basic use of the leased premises shall be for residential <br />purposes, but the Lessor may permit, from time to time, commercial activities on the leases premises. <br />
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