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<br />i
<br />10559.3
<br />THIS ill enter" into between KWWM IM 'to to 111C
<br />LESSOR, and W. SWU - SOM and Bzvmy i sOmscm, husband and
<br />1&g, jai-at tenants) whether one or moieV.- I TAMER
<br />1. i WMsed Promises: Lot TvGnty-Mine '(29) with a
<br />-TlWee (93) .Feet on the W9stGt1Y .
<br />fjont footage of 'Minety side
<br />of the Westerly portion of Kuester's Lake,..;,being on part of the
<br />Mgt Half of the Southwest ouarter CE1SW0-.1i1,.,._1-_6f section Thirteen
<br />(13)v Township gleven (1-1) North, Range Nifii Vest 'of 'the 6th.
<br />p.M., in Hall County, Nebraska, and bounded, 6A-'.tbjW Westorly side'
<br />by A ccown road., such lot is as shown on .4, pia� ,11.m pox �,Keqsion of
<br />Lessor*
<br />2. Torn of Lease:-
<br />35 years, cc=encing October 1, 1909,,•and terminating
<br />September 30, 2024.
<br />3* option to Extend Termit
<br />Lessee has the option to extend the term of this Lease for an
<br />additional 35 years by giving Lessor notice thereof., in writing,
<br />by July 1, 2024•
<br />-4. - I=$ ght-
<br />Lessee has the right to assign thAs;,--.Ziease provided:
<br />(a) Lessee 'has complied with' all. UOMP of this
<br />Lea"
<br />M Lessee transfers to the new owner r all
<br />interest and ownership of the Lessee in the
<br />common stock of Kuester Lake, Inc.
<br />(c) The new Lessee a4*eess in writing, to abide
<br />by the terms oft ht Lease so assigned, any
<br />new Lease of the" premises, and to abide by
<br />the Agreement entered imfK* by this Lessee
<br />w th t Kuester Lakp, Inc. tn or about November
<br />i
<br />4, 1974, the ter�4 of Which are • incorporated
<br />herein by referehce.
<br />(d) The new Lessee shall be entitled to a new
<br />Lease for a 35 -year term. The term may be
<br />longer if consented to by the Lessor.
<br />(e) Any subleasing must have the Lessor's
<br />approval.
<br />:(f) The Lessee .has the absolute right to
<br />conditionally ass4gn tb4,% Lease to any
<br />mortgagee for thg:,-purpame of furnishing such
<br />mortgagee additional security...
<br />5. Rent
<br />The ssiee shall pay to Lessor, as annual rent,, payable in
<br />advance and on or before July first each year, such rent as may
<br />be annually determined by the Lessor under the following formula:
<br />The annual rent shall be an amount, each
<br />year,, equal to the result of dividing the
<br />total number of residential lessee-
<br />stockholder lots into that year's anticipated
<br />net budget needs of the Lessor.
<br />The computation of the annual rent shall be done by the Lessor,
<br />but shall be uniform among all lessee-stockholders of Kuester
<br />Lake,, Inc. Many event the annual rent of the Lessee shall not
<br />exceed One Hundred Dollars ($100.00) unless a majority of all
<br />lazse =stockholders of 1W-ester Late, Inca (One vote fox each
<br />share), present and voting at a special meeting called for that
<br />purpose, shall approve the same.
<br />6. Access.
<br />The Lessee shall have access from the leased premises onto the
<br />Lessor's roads and shall also have the right to use the lake for
<br />boating, swiming,,and fishing. These access rights are in
<br />cowwn with the other leaseholders at Kuester take.
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