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202400647
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Last modified
2/14/2024 12:52:36 PM
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2/14/2024 12:52:36 PM
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DEEDS
Inst Number
202400647
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202400647 <br />Dollars ($100.00) unless a majority of all lessee -stockholders of Kuester Lake, Inc. (one vote for each share), <br />present and voting at a special meeting called for that purpose, shall approve the same. <br />6. Access. The Lessee shall have access from the leased premises onto the Lessor's roads and shall <br />also have the right to use the lake for boating, swimming, and fishing. These access rights are in common <br />with the other leaseholders at Kuester Lake. <br />6a. Prior Leases. This Lease replaces and supersedes any prior Lease for said premises which the <br />Lessee or his predecessors in title may have held. <br />7. Determination of Boundaries. The Lessor shall have the right, on a reasonable basis, to <br />determine the boundaries between the Lessee and his neighbors if the Lessee and his neighbors cannot agree <br />to such boundary line. The lake front boundary of the leased premises shall be to the water line as the same <br />may exist from time to time with changes in the water level of the lake. The boundary line of the leased <br />premises abutting the Lessor's common roads shall be reasonably determined by the Lessor. <br />8. Peaceful Possession. As long as Lessee conforms with the requirements binding upon them in <br />this Lease Agreement, the Lessee shall enjoy peaceful possession of the leased premises. <br />9. Improvements. The Lessee shall keep the leased premises in a neat and clean condition at all <br />times and shall keep all improvements on the leased premises in a good condition of repair. <br />10. Abandonment. The Lessee agrees not to abandon the leased premises. <br />11. Access for Installing Utility Lines. The Lessor reserves the right to come upon the leased <br />premises for installation of underground or above -ground utility lines and the making of necessary repairs or <br />improvements to or abutting the leased premises. The Lessor agrees to restore the premises to substantially <br />the same condition as they were before any such installation and at the Lessor's expense. <br />12. Rules and Regulations. The Lessee agrees to comply with the rules and regulations as prepared <br />and furnished by the Lessor to the Lessee from time to time. Such rules and regulations shall contain <br />restrictions and limitations, for the mutual benefit of all Lessee at Kuester Lake, pertaining to the use by the <br />several Lessee at Kuester Lake of the lake itself, common roads, and the leased premises. It is understood <br />that the basic use of the leased premises shall be for residential purposes, but the Lessor may permit, from <br />time to time, commercial activities on the leased premises. Any such rules, regulations and permits are <br />subject to change by the Lessor, excepting that the basic purpose of the leased premises as residential shall <br />not be abridged. Any changes in the rules and regulations must be approved by a majority of the leaseholders <br />present and voting at a meeting called for such purpose of which written notice has been given to all <br />leaseholders (one vote per Lease). <br />13. Occupancy and Use. Only dwellings intended for occupancy by one family may be constructed <br />upon the leased premises and occupancy by more than one family in any such dwelling shall not be <br />permitted. In no event shall the leased premises be utilized for any commercial or business enterprise. <br />For the purposes of the restricted occupancy herein permitted, a "family" shall be defined as persons <br />related by blood, marriage or adoption, and any persons residing in a committed familial relationship to each <br />other, even if not related by blood or adoption, together with any children in any way related by blood or <br />adoption to either of the persons residing in a committed familial relationship. <br />14. Termination of Lease by Default of Lessee. If the Lessee fails, after ninety (90) days prior <br />written notice from the Lessor, to remedy any default in his compliance with any of the obligations binding <br />upon him under this Lease Agreement, or under the Rules and Regulations furnished him by the Lessor, the <br />Lessor may, at its option, terminate this Lease and retake possession of the leased premises but only after the <br />following procedure has been complied with: <br />(a) A special meeting of all stockholders of Lessor shall be called by the Board <br />of Directors of Lessor, and written notice of such meeting and its purposes <br />be given all such stockholders. Such meeting shall be called for the <br />purpose of determining by majority vote of the stockholders of Lessor, <br />present and voting, as to whether or not termination of Lessee's Lease <br />should be made because of a default by the Lessee. At least ten (10) days <br />written notice shall be given of any such meeting, and the Lessee shall be <br />given full opportunity to show why their Lease should not be terminated. <br />(b) If a majority of the stockholders of Lessor, present and voting at such <br />2 <br />
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