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Return to: 1. Description of Leased Premises: LEASE AGREEMENT CD *fade as x0 July 1, 2018 of THIS AGREEMENT entered into between KUESTER LAKE, INC., LESSOR, and Brent L. Johnson and Diane E. Johnson, Husband and Wife, as Joint Tenants and not as tenants in common, LESSEES. A tract of land in the East Half of the Southwest Quarter (E1 /2SW1 /4) of Section Thirteen (13), Township Eleven (11) North, Range Nine (9) West of the 6th P.M., Hall County, Nebraska, being more particularly described as follows: With reference to the Northeast corner of said E1 /2, SW1 /4, thence running on an assumed bearing of N 90° 00' 00" W a distance of 69.30 feet; thence Southerly bearing S 04° 58' 30" E a distance of 418.60 feet to the Actual Point of Beginning; thence running S 13° 49' 17" E a distance of 88.40 feet; thence running S 77° 42' 01" W a distance of 88.83 feet; thence running N 16° 06' 13" W a distance of 75.15 feet; thence running N 69° 22' 34" E a distance of 92.45 feet to the Actual Point of Beginning, also being referred to as Lot Fourteen (14) and the N1 /2 of Lot Fifteen (15), having a lake frontage of 75 feet, and situated on the East side of the East portion of Kuester Lake, and being a part of the E 1/2 SW 1/4, Section Thirteen (13), Township Eleven (11) North, Range Nine (9) West of the 6th, P.M., Hall County, Nebraska. (a) Lessees have complied with all terms of this Lease. (b) Lessees transfer to the new owner all interest and ownership of the Lessees in the common stock of Kuester Lake, Inc. (c) The new Lessees agree, in writing, to abide by the terms of the Lease so assigned, any new Lease of these premises, and to abide by the Agreement entered into by this Lessees' predecessors in title with Kuester Lake, Inc. on or about October 1, 1983, the terms of which are incorporated herein by reference. (d) The new Lessees shall be entitled to a new Lease for a 35 -year term. The term may be longer if consented to by the Lessor. (e) Any subleasing must have the Lessor's approval. (f) The Lessees have the absolute right to conditionally assign this Lease to any mortgagee for the purpose of furnishing such mortgagee additional security. r: fit r') cra CJ'1 CO cry Such lots are shown on the plat in the possession of the Lessor. 2. Term of Lease: Thirty-five (35) years, commencing July 1, 2018, and terminating June 30, 2053. 3. Option to Extend Term: Lessees have the option to extend the term of this Lease for an additional 35 years by giving Lessor notice thereof, in writing, by January 2, 2053. 4. Right to Assignment of Lease: Lessees have the right to assign this Lease provided: 5. Rent. The Lessees shall pay to Lessor, as annual rent, payable in advance and on or before July first each year, such rent as may be annually determined by the Lessor under the following formula: 1 N Co 0) C) c-n