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202105875 <br />(a) A special meeting of all stockholders of Lessor shall be called by the <br />Board of Directors of Lessor, and written notice of such meeting and <br />its purposes be given all such stockholders. Such meeting shall be <br />called for the purpose of determining by majority vote of the <br />stockholders of Lessor, present and voting, as to whether or not <br />termination of Lessees' Lease should be made because of a default <br />by the Lessees. At least ten (10) days written notice shall be given of <br />any such meeting, and the Lessees shall be given full opportunity to <br />show why his or her Lease should not be terminated. <br />(b) If a majority of the stockholders of Lessor, present and voting at <br />such meeting, determines that Lessees are in default under this <br />Lease and that the same should be terminated, the Lessees shall <br />have one hundred twenty (120) days within which to remove his or <br />her improvements on said premises; and, if he or she fails to remove <br />the same within such 120 days, the Lessor and the Lessees shall <br />join in a public auction of the improvements remaining upon said <br />leased premises, and the net proceeds from any such sale shall be <br />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 />'c R. Christiansen, Its President, Lessor <br />�Bela M. Zwr-Scott <br />1(ttd\-J.--- <br />erri Alderman <br />STATE OF NEBRASKA, COUNTY OF HALL ) ss. <br />The foregoing instrument was acknowledged before me this 30 day of <br />) IOU , 2021, by Eric R. Christiansen, president of Kuester Lake, Inc., a Nebraska <br />corporation, on behalf of the corporation. <br />1 <br />GENERAL NOTARY- State of Nebraska <br />TINA M GLAS SER <br />My COMM. Er January 10, 2022 <br />VIAS ,.}G- <br />Public <br />STATE OF NEBRASKA, COUNTY OF HALL ) ss. <br />The foregoing instrument was acknowledged before me this "'.7 day of <br />J , 2021, by Angela M. Zwiener-Scott and Kern Alderman, Lessees. <br />GENERAL NOTARY - State of Nebraska <br />GRADY C ERICKSON <br />My Comm. Exp. October 12, 2024 <br />3 <br />