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4 <br />1 <br />-3- <br />90-405380 <br />tbi If a majority of the stock of Lessor, presant <br />and voting at such meeting, determines that Lessee <br />is in default under his prase and that the same <br />should be terminated, the Lessee shall have one <br />hundred twenty (120) days within which to remove <br />his or her improvements on said premises and, if he <br />or shp 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 of any unpaid rents or other <br />' amounts owing by Lessee to Lessor; <br />BROW sAy remaining proceeds, subject to the <br />rights of mortgagees, shall be paid to the <br />zv.,ssee. The 4essor agrees to give a new <br />lease to a suitable purchaser at such public <br />auction. <br />�1 <br />M•IIS LEASE AGiREEMEAi'P shall bind the Lessor and the Lessee and <br />their ppe�rrsonal repreaw tativas, suacossors, devisees, legatesso <br />hoAxwwht -olaw arA ass4q? <br />KM;" LAKE, INC. _J <br />BY <br />Pr s <br />LESSo�ni• <br />STATE OF MDRA"A . ) <br />% �a• <br />Comm OF ii" � <br />On this day of %���+ -� L 19'7 ' , before me, a Notary <br />Public within Qr said county rsona%ly cone <br />o E. Fu ton anti Monne 1, Fulton <br />Losses; Unown to me and known to me to be the identical person (s <br />j Aose name is affixed to the foregoing as Lessee, and acknowledged <br />;=ir i�Cution thereof to oe zhesr vuli cosy 60% 4MIQ Q, ivy v:•: <br />purposes therein set forth. <br />r <br />i <br />Witness my hand and notarial seal the date last above written• <br />Ky Not&cial Co=4 ssion expires: <br />WK A <br />1 t4 /p� <br />_ NA iil�fi� <br />fy� <br />.1 <br />.i <br />I <br />