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102445 <br />(b) If a majority of the stock of Lessor, present <br />and voting at such meeting, determines that Lessee <br />is in default under his lease and that the same <br />should be terminated, the Lessee shall have one <br />hundred twenty U20).days within which to remove <br />his or her improvements on said premises and, if he <br />or she fails to remove the same within such 120 <br />days, the Lessor and the Lessee shall join in a <br />public auction of the improvements remaining upon <br />the leased premises and the net proceeds from any <br />such sale shall be applied as follows: <br />FIRST in, the payment , o£ any unpaid rents or other <br />amoura. <br />t- owing -by Lessee to Lessor; <br />SECOND any remaining proceeds, subject to the <br />rights`of mortgagees, shall be paid to the <br />Lessee. The Lessor agrees.to give a new <br />lease to a suitable purchaser at.such public <br />auction. <br />.r <br />THIS LFA.SE AGREEMENT shall b : the Lessor and the Lessee and <br />their personal representatives, stto�esaarsa, devisees, legatees, <br />heirs -mot -law and ass;�ts:' <br />14--w-ESTER Zr' ZE, INC. <br />By, 6M—ge- <br />Its President <br />LZISSOR <br />C.F. Anderson <br />STATE OF NEBRASKA <br />ss. <br />COMM OF HALL ) <br />LESSEE <br />On this day of LG 199, before me, a Notary <br />Public within and for said c unty, personally came <br />C.M. Anderson <br />Lessee, knoim to me and known to me to be the identical person (s) <br />whose name is affixed to the foregoing as Lessee, and acknowledged <br />their execution-thereof to be their voluntary act and deed for the <br />purposes therein set forth. <br />A Witness my hand and notarial seal the date last above written. <br />My Notarial Commission expires: /-/9- f/ . <br />Notar Public <br />v <br />J <br />