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by the Lessees. At least ten (10) days written notice shall be given <br />of any such meeting, and the Lessees shall be given full opportunity <br />to show why her Lease should not be terminated. <br />(b) If a majority of the stockholders of Lessor, present and voting at <br />such meeting, determines that Lessees is in default under this <br />Lease and that the same should be terminated, the Lessees shall <br />have one hundred twenty (120) days within which to remove her <br />improvements on said premises; and, if she fails to remove the <br />same within such 120 days, the Lessor and the Lessees shall join <br />in a public auction of the improvements remaining upon said leased <br />premises, and the net proceeds from any such sale shall be applied <br />as follows: <br />FIRST in the payment of any unpaid rents or other amounts owing <br />by Lessees to Lessor; <br />SECOND any remaining proceeds, subject to the rights of mortgagees, shall be <br />paid to the Lessees. The Lessor agrees to give a new Lease to a suitable <br />purchaser at such public auction. <br />THIS LEASE AGREEMENT shall bind the Lessor and the Lessees and their personal <br />representatives, successors, devisees, legatees, heirs -at -law, and assigns. <br />GENERAL NOTARY • State of Nebraska <br />ALICIA F STEFANINI <br />My Cann Exp. September 13, 2020 <br />KUESTER LAKE, INC. <br />By <br />L Frost, Its President <br />LESSOR <br />STATE OF NEBRASKA, COUNTY OF HALL ) ss. <br />F <br />Sar lor <br />The foregoing instrument was acknowledged before me this (J►/ day of July, 2018, by <br />Larry Frost, president of Kuester Lake, Inc., a Nebraska corpora on, on behalf of the corporation. <br />Notary Public <br />STATE OF NEBRASKA, COUNTY OF HALL ) ss. <br />The foregoing instrument was acknowledged before me this 30 day of July, 2018, by <br />Jon P. Taylor and Sarah A. Taylor, Husband and Wife, Lessees. <br />201805000 <br />3 <br />