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• $9,,,' 102445 LEASE AGREEMENT THIS AGREEMENT entered into between KUESTER LAKE, INC., LESSOR, and. ` L__h}. An&4 _a6n (as joint tenants) (as tenants in common) (as sole owner) (strike out portions not applicable) whether one or more, LESSEE. L9t 191 ha' a lake front'foota�e of 75 geetr: 1. Description._ of leased premises: situated on Re East side of the L t�ior,.(4 Kuester Lake, and being on a part of in.... Section 13. Township 11,Range 9. in Hall County, Ne. bounded on the Southeasterly side h common road; such lot is as shown on a plat in the possession of the lessor y. 2. Term of lease° 35- years, commencing Mao_ 1, taaa and terminating Arri130 , 2024 3. Ontion to extend term: - Lessee has the option to extend the term of this lease for an additional 35 "' years by giving Lessor notice thereof, in writing,_,,"' .,,; by c' r� 3- ®BB�sr Jan I, 2024 4. U -cht to assz:= t of lease: Lessee has the right to assign this lease provided - (a) Lessee has complied with all terms of this lease. (b) Lessee transfers to the new owner all interest and ownership of the Lessee in the common stock of Kuester Lake, Inc. (a) The new Lessee agrees, in writing, to abide by the terms of the lease sc. assigned, any new lease for- these premises, and to ab.: de by the Agreement. entered into by this Lessee+: with Kuester Lake, xrac, on or about Novembet 4, 1974, the terms of which are incorporated herein by reference. (d) The new Lessee shall be entitZecd to a new lease for a 35 year term. The term may be longer if consented to by the Lessor. Ce) Any sub - leasing must have the Lessor's approviij (f) The Lessee has the absolute right to conditionally assign this lease to any mortgageeA for the plzrpose of furnishing such mortgagee additional security. 5. Rent: w a: 6. The Lessee a-hall pay to Lessor, as annual rent, pwjable in advance and on, or before July first each year, such rent as may be annually determined by the Lessor under the following formula= The annual rent shall be an amount, each year, equal to the result of dividing the total number of residential lessee- stockholder lots into that yew's anticipated net budget needs of the Lessor. The computation of the annual rent shall be done by the Lessor, but shall be uniform among all lessee - stockholders of Kueker Lake, Inc. In any event, the annual rent of the Lessee shall not exceed One Hundred Dollars ($100.001 unless a majority of all lessee - stockholders of Kuester Lake, Inc. (one vote for each share), present and voting at a special meeting called for that purpose, shall approve the same. Ac_ cesss The Lessee shall have access from the leased premises onto the Lessor's roads and sba l also have the right to use the lake for boating, swimming and fishing. These access rights are in common with the other leaseholders at Kuester Lake. 6-•a. Prior-Leases: This lease replaces and supersedes any prior lease for said premisoa which the lessee or his predecessors in title may have held. ca e` M . I