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(b) <br />202007 711 <br />to show why their Lease should not be terminated. <br />If a majority of the stockholders of Lessor, present and voting at such <br />meeting, determines that Lessees are in default under this Lease and that the <br />same should be terminated, the Lessees shall have one hundred twenty (120) <br />days within which to remove their improvements on said premises; and, if <br />they fail to remove the same within such 120 days, the Lessor and the Lessees <br />shall join in a public auction of the improvements remaining upon said leased <br />premises, and the net proceeds from any such sale shall be applied 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 />KUESTER LAKE, INC. <br />By <br />Eric R. Christenson <br />LESSOR <br />J& S CZARNICK TRUST, dated 4CU i 7 dfD9 <br />2.‘2, <br />rome J. C/41 <br />rnickJCo-Trustee <br />cbt <br />Sandra J. Cz <br />STATE OF NEBRASKA ) <br />) ss. <br />COUNTY OF HALL ) <br />A.tP/) <br />Co -Trustee <br />LESSEE <br />The foregoing instrument was acknowledged before me this / ` day of August, 2020, by Eric <br />R. Christenson, president of Kuester Lake, Inc., a Nebraska corporation, on behalf of the corporation. <br />GENERAL NOTARY - State of Nebraska <br />ALICIA F STEFANINI <br />My Comm. Exp. September 13, 2020 <br />STATE OF NEBRASKA ) <br />) ss. <br />COUNTY OF HALL ) <br />SPt <br />The foregoing instrument was acknowledged before me this day of .44.10istr2020, by Jerome <br />J. Czarnick and Sandra J. Czarnick, Co -Trustees J & S Trust, dated Au30 c+ 17 , , <br />LESSEES. <br />GENERAL NOTARY - State of Nebraska <br />LAURIE L. HAWES <br />My Comm, Exp. June 24, 2023 <br />Notary Public <br />3 <br />