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<br /> � �Ma��h l: 197$ � . .>`,;
<br /> � ` i,EASE AGFZ.�E�:.�:VT � `
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<br /> THIS,AGRE:.�vl er.�ere� i��o ��tw�en IEUEa::R�LA�CE. I:vC.. LES�O�i, and . ,:::;� � .
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<br /> , � � ,. ..;;,<:
<br /> - I,. �rena Dar3in� . ,_ _ _�:.. .. ,.::,;,:;..._ .
<br /> � (a�;}oi.°�:.#•e�.-`s�:s�-.-ta���,��r=-�w�}- tas sal:e ownar} . tstri,3ce'�ut ,=;=:
<br /> ,. .., Y,ySSE�. '::,>;.
<br /> ��ortion not �p�l�ca#le) w:�cat�y�,: o:�e�,o:. ...are, , ,
<br /> ' I,ot 31-,h�v��tg a lake fro�t footage of �I� .
<br /> : ...
<br /> ...-::. . .�-+� ...�eS�riA�.�.on of. _bgase8:..xir�cti.ses_, f�ettsi-tuat�d.�rn t'he �F�e�t s�.de. o� the West ._._ �
<br /> �q��,o�, of IGuester Zake and be�.rtg aa a �� of � E�SI�;t in Section 13, Townsliip. , `
<br /> , �.1; -Ranre.9, in Ka].l County, .Nebr��bauude3 0� 'tY,e �t��exly side bp a co:►unon road;
<br /> . ;�uch Iot �.s as sYs�wra an a plzt in �he possession of t'xie Lessor. . � .
<br /> . 2. �Terrn ef 2ease: • .
<br /> ` � 3�� years, co.-�nenc.�.ng Mer�h 1, 1g7� and termirta�ing , .� �
<br /> . - EebruarV 28, 20Ia . �. - .
<br /> �
<br /> ' � 3, d�stiart tv �end term: . � , . . -�;+T:�i;'�_ `�:,.'" : .
<br /> � :..t.es�ee has tY�.e ap�i�rr���o e�;�rsd ���•x te�an. �f this lease £or an . . . `��: " .
<br /> � , �:r?.�.tional 35 yea�s b� gaLvii� Lr�3sor notice thereof, 3n wra.ting, �� .:•'
<br /> � b;�" .�:ily 1, 20�9,. :,.; � ._��; Y•.,
<br /> s 4. Ri�ht :-,b ��sic�n:�e�t ai lease: ' . .. .
<br /> • Lessee 'rias ��•e rig��: ;.a �����:g:� ��^.ij Zease �ravic'ted - � --
<br /> � �. � (ai Lessee iias co;�l.ied with all terns of this lease.
<br /> {b) Less�e �ronsic�rs to the :ew ot,rner all �nterest and
<br /> � otmershi� of the Lessee in �he common stock of �
<br /> " Kuester Lal.e. Inc. � �
<br /> (e) T'n� new Lessee a�ees, i� wr���.g, to abide I��! tl�e =
<br /> te�-„ o� tne lea=� so assiy�-.e�.� any new 2ease �or �
<br /> these pr�r:.ises, ar.d t4 ��ide hy �he Agz'eement `'
<br /> �-
<br /> --- - �-nter�:d into �y �.his Lessem w�.�h Kuester Lake,, �nc. . ... _ _ _._:
<br /> � on or a'vout i�ove.-nbac 4, 1974, �ne terms of Trrni�h
<br /> , are �ncorporated herein by reference. ' '
<br /> (ci) Z`Y:� new Less�e sna11 be et.�i�led '�o a new l�a�� for ,....,
<br /> a 35 year 1:err,n. 'i''ne �erm :.tay be longe� if �c�:��nted .
<br /> , .
<br /> � to by �:�e Lessor. ` . �'''�''
<br /> . � (e) Any s•ab-leasing :nks� have �he Lessor's appro�.-�:s.
<br /> . (f) 'i'he Lessee has the absolate riqht to� co:�ditioitsl.ly ,
<br /> � assign �n5.� lease to any r..�orCgagee ror the purpose �
<br /> of furnisniag sucn �;�ortgaqee additio:�al security. - -
<br /> 5• ,�;�?,::.k:r�•:.��
<br /> . � �i�e Lessee shalZ pay to Le�so:, a� an,:ual rent, payable in
<br /> .. �c►vanco a.z� ost or before .7u1� �:.rs�� e�:c�: year, suca rent as
<br /> :r:ay oe artnuaiiy de���:►ir.ea by :.:.e :.essc,r z:r�der the fol2owir.g -�-
<br /> �
<br /> �. �or:r►ula:
<br /> � ' Thc. annuai rer.� �hal� �� Un ��;.ount, e�ch year,
<br /> e:.;;Ma3 �o �:7e �:��ul':. a� u�V:�Gl:zg tY,e to4ai �;
<br /> ' Yl:1:a►Ti�Gr O� 1"Oa:iC�c::ai:iu� �.�aSf.-'@-s;:oc''cholder �.OtS �
<br /> . . . . �:i�;;o tn4� ycur's �a�:.ci����ea �:et buaget needs
<br /> � , , cs��; �."r.e Lc:.�o�.
<br /> . : , ...'�'a YI� COTCip3l�:ca$1.O:a O� :��1e cl.iYu.12��. .�'.GT�'�, s'Y'iol�. 17G' done by the . ..'�
<br /> ' �� � �:c��:�c>,r, bat sh�23. b== u=•i-orm. �r.�o:z� all lossee-stoc:cholaer�
<br /> �:� :tta�s'cer Wake, i:.c. �y 4ny ev�::., rne anr.ual rent of ,
<br /> � �n� Lesse� u�ai:. r.oy exce�& G:�e zu:�d.."'eo► Dollars (S100.a0)
<br /> � �nless a r��,�r�b��� o� �il �essee-s�ock;�o�.ders of iCues�er �
<br /> ya�s, Z:�:. (one vo�� �or eac:z share) , pre�e:�� �nd voting
<br /> �.� a S�BC:.c.� i:.e�:i:1.i Cj Cc.Z�.@CZ i0� ��lot purpose. &faail.
<br /> c►j`��"ijOVG� i::a8 ac�.i�@.
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<br /> `.11C� Is@SSOl"�S YO�.GS c.Y�G S'.ZaZ� 03�0 i.4V@ t:1E.' vZ�,F'i`. t0 1.�5e ` • '
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