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� 99° �.c�4sz1 <br /> called for the purpose of determining by <br /> majority vote of the stockholders of Lessor, <br /> present and voting, as to whether or not <br /> termination of Lessee's Lease should be made <br /> because of a default by the Lessee. At least <br /> ten (10) days written notice shall be given of <br /> any such meeting, and the Lessee shall be <br /> given full opportunity to show why his or her <br /> Lease should not be terminated. <br /> (b) If a majority of the stockholders of Lessor, <br /> present and voting at such meeting, determines <br /> that Lessee is in default under his Lease and <br /> that the same should be terminated, the Lessee <br /> shall have one hundred twenty (120) days <br /> within which to remove his or her improvements <br /> on said premises; and, if he or she fails to <br /> remove the same within such 120 days, the <br /> Lessor and the Lessee shall join in a public <br /> auction of the improvements remaining upon <br /> said leased premises, and the net proceeds <br /> from any such sale shall be applied as <br /> follows: <br /> FIRST in the payment of any unpaid rents or <br /> other amounts owing by Lessee to Lessor; <br /> SECOND any remaining proceeds, subject to the� <br /> rights of mortgagees, shall be paid to the <br /> Lessee. The Lessor agrees to give a new Lease <br /> to a suitable purchaser at such public <br /> auction. <br /> THIS LEASE AGREEMENT shall bind the Lessor and the Lessee and <br /> their personal representatives, successors, devisees, legatees, <br /> heirs-at-law, and assigns. <br /> KUESTER LAKE, INC. <br /> By <br /> Its Presiden <br /> LESSOR <br /> � <br /> TERRY L. CERA <br /> C....__ _._ . <br /> ROBERTA J. KUCE <br /> LESSEE <br /> STATE OF NEBRASKA ) <br /> ) SS. <br /> COUNTY OF HALL ) <br /> On this 7th day of Ma� , 1999, before me, a Notary <br /> Public within and for said County, personally came ROGER H. BOLTZ, <br /> President of Kuester Lake, Inc. , Lessor, who is known to me and and <br /> known to me to be the identical person whose name is affixed to the <br /> foregoing as Lessor, and acknoledged his execution to be his <br /> voluntary act and deed for the purposes therein set forth. <br /> WITNESS my hand and Notarial Seal the date last above written. <br /> 6EII�AAL IWTARY�ot I�eb�a <br /> ���,g�t��7002 <br /> Notary Public <br />