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89104980
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Last modified
10/20/2011 11:18:24 AM
Creation date
10/20/2005 10:00:57 PM
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DEEDS
Inst Number
89104980
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~�F <br />�z• <br />=- _... X <br />1 • <br />-2- 89- 104980 <br />7. Determinatibn:�of Boundaries: <br />The Lessor s Mill have the right, on a reasonable basis, to deter- <br />mine the.bmundaries between the Lessee and his neighbors if the <br />Lessee and -his neighbors . cannot agree to such boundary line. The <br />_ lake frea.t_ °boundary of _ the leased premises . shall be-to the water- <br />line as.•hhe same may exist from time to dime with- changes.* in the <br />water 16vel of the lake. The boundary; Une of the leased prem- <br />ises altuttir g the Lessor's common ,roach .;hall be as reasonably <br />dete�i�ned by the Lessor. <br />8. Peaceful Possession: <br />As tong as Lessee conkozms- ';with the requirements binding upon <br />hinii in this Lease Agreemetil ,. -.the Lessee shall enjoy peaceful <br />lapssessi.on of the leased- <br />9. Imptdvenjr nis: <br />The 1.#•-,ssee shall keep the :.l.easeu.;.r•emis6s in a neat and-.�lean'. <br />condition at . all times an4 `s.hall',-keep al. . • improvements'. -6� the <br />leased. es in a good condit -io.n of • repair. <br />10. Abandon nt: <br />The - ,Lessee argrr gas. not •to absndon,.,tihe leased premises.... . <br />11. Access for Installing Utility Lines: <br />The Lessor reserves t —he ght to come upon the leased premises. <br />for installation of underground or above- ground utility lines <br />and the making of necessary repairs or improvements to or <br />abutting the leased premises. The Lessor agrees to restore the <br />premises to substantially the same condition as they were before <br />any such installation and at the Lessor's expense. <br />12. Rule3 and Regulations: <br />The Lessee agrees to comply with the rules and regulations as <br />prepared and furnished by the Lessor to the Lessee, from time <br />to time. Such rules and regulations shall contain restrictions <br />and- limitations, for the mutual benefit of all Lessees at Kue- <br />stex Lake, pertaining to the use by the several Lessees at Kue- <br />ster Lake of the lake itself, common roads, and the leased prem- <br />ises. It is understood that the basic use of the leased premises <br />shall be for residential purposes, but the Lessor may permit, <br />from time to time, commercial activities on the leased premises. <br />Any such rules, regulations and permits are subject to change <br />by the Lessor, excepting that the basic purpose of the leased <br />premises as residential shall nnot be abridged. Any changes in <br />the rules and regulations must be approved by a majority of the <br />leaseholders present and voting at a meeting called for such, <br />purpose of which written notice has been given to all lease- <br />holders (one vote per Lease). <br />13. Termination of Lease b Default of Lessee: <br />I the Lessee ai s, after ninety (90) days prior written notice <br />from the Lessor, to remedy any default in his or her - compliance <br />with any of the obligations binding upon him,,or her under this <br />Lease Agreement, or under•the Rules and,Regulations furnished <br />him or her by the Lessor, the Lessor, may, at its option, term- <br />inate this Lease anti; retake possession of the leased premises <br />but only after the. hollowing procedure ,has been complied with: <br />(a) A special meeting of all stockholders of Lessor. <br />shall be called by the Board of.,Directors of Lessor, <br />and written notice of such meeting and its purposes <br />be given all such stockholders. Such meeting shall <br />be called for the purpose of determining by major- <br />ity vote of the stockholders of Lessor, present and <br />voting, as- to•whether or not termination of Lessee's <br />Lease shouldtbe made because of a default by the <br />Lessee. At•least 10 days written notice shall be <br />given of any such meeting, and the Lessee shall be <br />given full opportunity to show why his or her Lease <br />should not be terminated. <br />7 <br />T <br />A <br />o, <br />1 <br />
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