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<br /> � , � �< , frae ,the .Lessor; to remedy any default in his ot- �ier compliance � , �
<br /> wf�h aay�of� the cbliqatians binding upon bim or, her uQder thf s .
<br /> � ; . , .. � Lease l�ig�:eemaat, or un�er the Rulea nnd R�gul�tfonsc furniHhed hitn . � _� � - - , -
<br /> . f � � or her�by-the Lessor, the Lessoz may, a�t its optfon, terminate . f
<br /> � � f' ' this, Lease and retakc possessivn o€ the leased premises but cnly _
<br /> � af�er the follc�iaq ,Pzocedure has been aomplf.ed with:
<br /> - �. . t a� x specis�. meetisig of al� stockhold�rs of : - - .
<br /> � ' � _ . : � :_ � `, �es�or shall.be°.called by the Board of . .
<br /> , � - � � DixeetQrs �of �go�, and writ�en notiee . - .. •
<br /> � � .z.; . � � of such �3ne�ting and its .purposes be given aYi. � =;�:::;: ` ..
<br /> :� �� � . such stockhol8ers. Such meet3.ng sha�:3. be . .,��: _ � , -
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<br /> - . � � � calle�d. fo= the pvrpose of determfniA+��by ,
<br /> $ � � - . - majority vote of the 'st�ack�alti�s af �essor, . : .�
<br /> - . • � " � present and voting, as to whether or not :,..�;;,. .��. '
<br /> � termination of I.essee°s Lease shovtld�,be inade � � � , .
<br /> _ .:=��f�� � because of a default l�y the Lessee. x� le�s�t :� ;.�',° � . -
<br /> , ; ',:;;,� � , ten` t 10) da�s� `rrttten notfce, shall be gives���:': . . •
<br /> - of any. such mee�ing, and �the ��essee shall:�� . . � .
<br /> �,:.��-` . . . ,
<br /> . qive� fu�I opp�rtunit�r.;to s�ow why his or h�sr �
<br /> .. ;;:;,;:;;; . . " . Lease. s�ul� not be ��inated. :." �." ,.
<br /> . - � (b} . If a mat��s�tg af the s�ockti�m3ders Qf`��essox, � ..
<br /> � . � . present ,a�c� �r�ting at such �ting,... . , ;:°�
<br /> � ..determi�es t3�at Lessee �s ir�� ciefa��t� under _ . - - . _ • , --
<br /> � � � � . � his Lea�e a�d that t� sam�e should �re
<br /> . � terminat+ed, �he Lessee shall have one hundred
<br /> � .'` � ` twenty i120� �days within which to remove his . .
<br /> - I ' or her improvements on said premises= and, if �
<br /> � he or she faf is to remove the same with3n °
<br /> � such' 120 days, the.Lessor an8 the Lessee � � "
<br /> 'i shall join. in a�publ3c auction of the
<br /> _.._, . , . i��r�orerzea�s re�ta3z3ng ug�n ���.d� 2ea��8 �
<br /> � premises, and tbe net proceeds from any such `-�-
<br /> ` sale sha�ll be app3ie8 as follows: ��:
<br /> � . FIRST in the payment af any unpaid rents or , �
<br /> other amounts owing by Lessea to Lessoac;
<br /> ; � SE�OND any remaininq praceeds, subject to the � �
<br /> rights of mortqaqees, shall be paid to the =
<br /> i Lessee. The Lessor agrees to give a new
<br /> � � Lease to a suitable purchaser at such public
<br /> �; � auCtion.
<br /> � � TH�5 LF.A.SE AGREEMENT shall bind the Lessor and the Lessee .
<br /> ; and their personal representatives, successors, devisees, �.,.
<br /> � � leqatees, heirs•at-law, and assfgns. , _-
<br /> � , �;_
<br /> ' •• ��..,, KUESTER LAKE, INC.
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<br /> .' , ' � � � LESSOR
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<br /> , . � , DOUGLAS . ENG�E� .
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