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� L <br />1` <br />^r <br />_ E <br />N <br />-3 g - .104980 <br />(b) If a majority of the stock of Lessor, present and <br />voting at such meet - -ink, 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 (120) days within which to remove <br />his -or her improvements on said premises and, if <br />he or she fails to remove the same within such <br />120 days, the Lessor and the Lessee shall join in <br />a public auction of the improvements remaining up- <br />on said leased premises, and the net proceeds from <br />any such sale shall be applied as follows: <br />FIRST in the payment of any unpaid rents or otb-6r <br />amounts . owia g. by Lessee to' Lessor;. <br />SECOND any .iota =_ rsg proceeds,, subject t6 thy: <br />rig�to�tiirtgagees,: S al.l. be i <br />Lessee.' the Lessor agrees o ii "�' �:eW :: <br />Lease .to a, - subitable purchaser at uch <br />public' auetIbr, <br />THIS LSE AGREEMENT shall bind the Lessor and the Lessee and their <br />personal representatives, successors, devisees, legatees, heirs -at -law, <br />and assigns. <br />KUESTER LAKE, INC. <br />Its-President <br />(( LESSOR <br />urie ur <br />Kathleen McArthur <br />LESSEE <br />STATE OF NEBRASKA ) <br />ss. <br />COUNTY OF HALL t ) <br />On this �)_V 3ay of August , 19 89, before me, a Notary <br />Public within and for said County, personably came Muriel McArthur and <br />Kathleen McArthur, mother and-daughter. ag tepa <br />Lessee, known 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 to be their voluntary act and deed for the purposes <br />the'rte in set forth. <br />WITNESS my hand and Notatial "Seal, late date last above written. T <br />My Notarial Commiasion expires: - Z <br />1�1 Notary Pub I 1C ter. <br />4 <br />I <br />