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,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 />