,r:� ,�r,.�;`:j�;�:;.,. t.`�.y:�t.`,?i� �`�.�' �' 'n:�ry�i•.rrr. 1::i��=f• II •� ' , -.
<br /> . ,i� / �i � �N
<br /> .a �x f,. +`
<br /> .�, • � . -_..
<br /> - •�.
<br /> ��..� .
<br /> _ .{IF(.
<br /> _ - ---� 93- i41�.seo . ���
<br /> ''' LEASE ACItEEM�NT �
<br /> '� li � '' �r.�i,�',r
<br /> °°--.
<br /> --- I �,�,�s��� TNYS AGREEMENT entered into between KUESTER LAKE� 1NC. , LESSOR� a��d ---
<br /> .,, � �_
<br /> �;` ----RENNETH B. KNOX and MARILYN M. RNaX hasbnnd dnd wife------------------ ----
<br /> a t o nt tenan � �x�liKtcsx�Nx� �p1�c � a t r e ou t --
<br /> - � ' poreion not applicable) whether one or atore, Lfs88LE. '�=___-
<br /> ;�,
<br /> -.,:-, _--
<br /> ��,������, . 1. Aeacriation of Leased Premi.eea: ���._
<br /> �: :�v i �n'�;,"�';;�; ' �=...�':
<br /> _ �;.'�;;'�-'';�_, •, Lk;_�—
<br />�1;��_����� ��"� SEE ATTACHED IIXHISIT "A" ��••--__
<br />_�� �::��f:� . w,;,� �.=�:�:r�
<br /> �.�.
<br />. . ;,.. � � 2. Term of Lease: ��' .,
<br /> � '•�'� �� 35 years, commenc ing Januarv l. 1993 a�d termina t ing �
<br />==:_ — December 31. 2028 = —
<br /> ,._Y a�-
<br /> . `' , •���. 3. Optiv�� ta Ezct�nd Term: � :v;���
<br /> � '''�� `�`� Lessee ms �the o k to exte�d the term of this Lease for an .;�'_�� �
<br /> ` ��`�i��fC ��,, p , ..
<br /> '+;�{+�{,�t�-�� ,r.. , additiona� _'s� years by giviing Leseor notx�e �k�ereof, in writing, ;�,:����,•:`-�.
<br /> i ,,�•,:.,.�
<br /> 'tj�� `�::� :�.+:r. by July 1, �0Z8 ' � j';:`;:
<br /> ` ,
<br /> ' .�: i;;�� ''''k A f t�w t.�
<br />��^ ..-�i��._,,1, � �d}��.�:1;���
<br /> • ,�,�ti..�y... 4. Ri ht to Ass�i mment of Lease: ,;±_�;,�,r,,,
<br /> �� s°*'�t^'"' Leasee as t�ae rig t to ass ign this Leaee provided: �'��:y4.i"``
<br />-�.� . .. . ��i:;;�. .iV�,A�7�,�
<br /> ,° ._, , �j,.,,,.. . �•
<br />'� �t�� •��, �••�•• (a) 1.��see has complied with all te�ms of ehis Lease. �'�
<br /> r, .,_,•-__,.
<br />-`��t'y�L�' ,�?;�' r�.'.
<br /> �� (b) • Lessee transfers to the new owner all inte�est and r.��-����-
<br /> �� �,�� � .ownership of the Lessee i� ti�e- cornmon ato�ck of , R.�
<br />���`���`�' ''' '��� Kuester Lake Inc.
<br /> j'�{I1lii��.I '� l. � . �-.
<br /> .' ��litfifj�. •1 .Y,`F�[R[
<br /> � .;,.,. ,� r (c) The new Lessee agrees, in writiaag, to abide by ���e �.�:�,�,-::
<br /> �,,. `,t��.::�;:L ., ':�;';:y,.,�� , terms of the Lease so asaigned, �an� new 1.ease f�r t44::�i��'��
<br /> �t '�.��'�; " ':'"''��„re � these pre:aises , aad to abide by tt�e Agreei�ent ent- �'�'�'?��"°"'
<br /> - � i �1:.'Y � r ��� . 1,�_.,_
<br /> _ ;��,�'�rv��;;� �} ' � ered into by this Lessee with KuQSCer I.ake Inc . on �'
<br /> �� ` " ��'' or about November 4 1974 the terms of c��oich are ��''��y"
<br /> .:N . ,y r.1•�4, -
<br /> ,.,, ` �,,,..�. � � t.:���
<br />.��;. .�,;`�;fz:�-:�� inc�orporated herein by reference. � 7
<br /> � � •i. �c..,.,. ;t`'';::.�
<br /> �;., ;..�• �,,:,. .M�, � (d) The new Lessee ahall be entitXed to a new Lease for ::�f��-
<br /> Y. • �. •-� � ., � � ` :�
<br />, , �.. ,���� , .�.;.::,• .,���4.y.
<br /> ��,. . ,,x, , a 35-year term. The Cerw way be longer if consented �. r�; --
<br />,<,�'�:r �,:�s .r•_.. . ..�-.. to by ehe Lessor. t� ►•-�-��
<br /> � " �r•��. �1; :i� , . .<
<br /> 4. i'� � '�}? • �3:..-.;. , (e) Amy subleasing must have ��e Lessor's approval. '�nf;;��
<br /> f .;�f,,.;,:;.�'� � ;. n ....�__
<br /> � f� � � �. •.�+�� -� (f) Th�e Lessee has the absolute right to conditionally '
<br /> �:. .' �;!'�:�;`• .�=: ;�i..,;. �...:�
<br /> ` ' ' �ssign this Lease to any mvrtgagee for the p��rpose `4`s���`�A-- -�
<br />.f`�� - "•_jy.::� �`ir�;�.1��r:r�.•�!:;i�+ • l�,,i�lr.�:';-
<br />�. . ; ;,.��,;�,;,; ,.,: .��.,,� af furnis�in such mort a ee additional securit n«�=-�
<br /> r' .' , �S•: :�t„�.i��'� � g g y• �c_,.,r,�
<br />:*` a••:���"�,• �.•' �� ,'��•' �, � �"_..�
<br /> �' ;.,-� :: :� S. Rent. �•,�.-',.�
<br /> � ' f;.':�, ' _-,;°;:;,
<br /> �� s ,� T e Less�e shall pay to Lessor, as annual rent, payable in ad- r�:-�-,
<br /> zt,�� ' ��.;::_.
<br /> �"�.'`�. ��:'"'� !` -:���- ,� vance and on or before July first each year such rent as may be ( �
<br /> 4w v��ti:, .l ' � :.i�,... n. ' i � ,.�1`�'r�,�j•�
<br /> ��+,�� , . �,� aanually determined by the Legaor under the following formula: �.�
<br />;r: 1��- � � �•.,.'�� � � The annual �cent shall be an amount each ear +;�
<br /> .�`�.'•'t�Y .,�:<: . � Y � �su,..::
<br />; �, .,��:s�; �• }, equal to the result of dividing the total num- ��.;,.��-`
<br /> 1� � �r!�� .,� ' � t • �1'••.•.-;
<br /> ;�;��:'..;� f;i>;.E,�•.•.y�.>.,. .° . ,. ber of residential lesaee-stockholder lots into �•:��",�
<br /> ar,_;,.t ; :. .: ,.. . � ,.,r
<br /> 'N:�� ���,;4;;f„�. . . thar year s anticipated net budgeC needs of the ':��«���
<br />,'.T. 4;, �^:=-,:--•x.�:.�-_-;.=-, Le s s o r. �;�:��.;',:��
<br /> '. '����"� . � ��'`�`'' The computation of the annual rent shall be done by the Lessor , � ";
<br /> '3',, �.' �;��'`� ,., `�'.� but shall be uniform among al l lessee-stockholders of Kuester ;.:,' ,1 ,'
<br /> � ' t•�:::�, ' Lake, Inc. In any evenC, the annual rent oE the Lessee shal l ; '
<br /> =5�� _�� �° ����' � '. �� not exceed One Hundred Daltars ($lUU.UU) unless a majority I
<br /> •� � of all lessee-stockholders of Kuester Lake, Inc . (one vote for .
<br /> ,��`''� �„ � each share) , present and voting at a special meeting called
<br /> � � ' � for that purpose� shall approve the eame. � -
<br /> ' � � �` ' � _. .
<br /> k�.___-_ �b,3.'v;ir�+_s :
<br /> -�.,. .- — � �--_'--.-,-� -- �; o. nc c e s s• �� .
<br /> ''" " �'`'��' T—Tie�essee shall have access from the leased remises onto the �
<br /> " • P
<br /> `�'� ' �'' + '` • Lessor's roads and shall also hgve the right to use the lake '
<br /> -. � ' " � , .�����' for boating, swimming� and fishing. 'Chese access rights are in
<br /> � ' �� �,�, •• commou with the other leaseholders at Kuester Lake. I;
<br /> ��! ��l�.�:;:.; . ,
<br /> "�:i�:, '`�y�s'� �- . 6a. Prior Le�ses: '
<br />:�-� ': �� = � This Lease replaces and su ersedes any prior Lease for said prem-
<br /> ; 1.: ,:k�• � � ' � Q
<br /> .ti ;,,�,, � ���; ises which the Lesaee or h�s predecessore in title may have held. .
<br /> ' : : � .�� �
<br /> : ,. �:'ti: i
<br /> i. ' ti� . ,r, �
<br /> ,.
<br /> �. �. ' � � �
<br /> ,} . .
<br />
|