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<br /> — < . ` , � �HHY� AORE�:�tt�ered fnico h��sen KUESTF.� LAKB� INC.,; � . -
<br /> y . 'LESSOR, sma JSf��i,�fi+I� lrt.a�Cg*�F anf�';,.TQA �
<br /> - ----� ... .. . . _ _ - - - - - - -
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<br />�� t as p nt tenant��;� . , �
<br /> _ � ; whethe� ona o�c moY��:��ESSt3C. � �
<br />-= 1., Dascriptidn of�l��i��P�omiseat � � �
<br /> o.�, ��'.+.i ��
<br />-� Lot B. h�vi�g a 18����eoe�e. Paoeage a� 98 feot. el�uaeed on ehe Saet eia� ,
<br /> o� ehQ KesR PorEiose�o� c�s�xer t.aRo, bcls� on par! o� ehs Sart Bal� of .
<br /> ehe� Bouth m �uaree�� (_ Y�t) of Section �irteea (1 )• Tovnebi 8 nvan
<br /> � (lij Norlh �nge_ti�nu�� , West of i11e 6eK P.�1.. �Hall Coa+at , �ebraeke�• - --
<br /> ke
<br /> � amd bouAdea on E�e:8 oter�p�esion of`tthecLeffieaorrand;ieucoc�o�alq knmm �
<br /> } eho�► oa a ia� ����r �o s s
<br /> as �63 Kuee�er Lwt�s•,, G�aa� Ieiand• Nobraelce; _
<br /> � � such lot is��� sRowrr on a pla� in posse�aion of i.essor. �
<br />- �k r--- �
<br /> �:y;-4•,. . a� i•� .
<br /> � ��, 'r
<br /> �. �`' . -- , 2.. Term ef Leases:. .
<br />� �� �'" ' 3 years, commeaaing Octoh�r 15, i�93 and �
<br />_ ... ...i:�;-� -
<br /> :�YJ���r�r�.:'=k;,:� � terminating se�tembes 30�. 2028 •
<br /> _ .:s,,<'��,�.r��:.. ;;�:= . . .
<br /> ��s.,.`;�.,: '...,-„: •
<br /> ;'4e��F�-: .,.
<br /> ����,.�.. , ,_ ��.°. �. O tion to Sst�ettr� Term: �
<br /> _ -E.�4��; �•'°` ����. ;:';; Lessee has the� o� o�r to extend tUe term of ttlis Lease for an
<br /> ��f� � ,;t=�: �> additional 35 y,ea�cs: by giving Lessa� aotice thereaf, in c�riting,
<br /> ': . 1`j:w�� . - .
<br /> : .�;,: , �,�:'�;�:'� by Julv 1. 2Q28 •
<br /> .� '- �.�G�����
<br /> `•';�':�.�,.'�,' �:�:�'4SI``�''�`•`:
<br /> � ° >� . .s� .� 4. Ri ht �o s,t ent of Lease s
<br /> - �;_ ��.�_ �-:•�.°-„�-:���" Lessee has the r 'g � to ass gn thia Lease provided: �
<br /> `: � ��•'.����'� � (a) i.ess�e� ltas� cor�Lv�a�.ed with all terms oE this � .
<br /> :� �.;,.�:
<br /> ��. -. :� � � Lease�._ :
<br /> - ���` � �� �b) Lesse�� �ransEers to the new awner all �
<br /> ' '``�'°�� �� °�'�'��� �ntereslt and ownership of �he Lessee in the
<br /> ;i,Y'.,^' '- .. -. � . . . "
<br /> - �1:.��`"' . .
<br /> - ;';����:•,�•�x:. . ,: .•,.'.• � C011llil011: S$OC� af K�sester Lake, Inc. . _���-
<br /> .,��:?yl'`"��',.`.iz:;;:�� ����• — —
<br /> t_. ° �. (c) Tlt�� new L�ssee agrees, itt writtng, ta abide
<br /> �.-�.-
<br /> � 4�.. , '��;,'�.:����,;'���.,, by �He� �erms of the Lease �o assi9ned, anY .;;�_
<br /> � � ' •:."�� *�����::� -
<br /> ;. �:�,,;:�;,..�-r new I►ease of these premise�, and to ab£de by ___
<br />- - ������'�:� the Agxeement entered into by this Lessee's =
<br /> , - _ ;:�� ._
<br /> :.�`Y �'`�' : ,' : lR�2I£ �
<br /> ���.. � prede�essors i.n title with Kuester Lake, Inc. ��`�,�r s�_
<br /> � �`" on o� abou� November 9, 1979, �he terca�s of t.t , :,�����a� � = --
<br /> ;; �} ; ,'�:i:h;l '.' •' t=_"—_- __
<br /> f ':•.f45}�
<br /> . , C�,�_, '.. which� are incorporated herein by regerence. ,. ;,,��k��; v
<br /> ' � t d) The new Lassee shall be entitled to a new ,: ,, �, ��s= �-
<br />- � :��� � � Lease �or a 35-year term. The term may be :' . "'`� ,�'S�`_
<br /> .:. � .,j.:;.
<br /> ,.��'�-.,'•?E,:��,• lonqe� i+f aonsented to by the L�essor. i•,., ���'�;`:;;`,
<br /> �•�i:ti,r}.4��..t� ... ,;`i}`
<br /> :;:;�:;=;�,. �.;�;���;i. . (e) Ang subleasing must have tha Lessor's . r
<br /> � .,, � ��<< �'� t,;'�s:�� app�oval. � . . -
<br /> �• � =5��� ' �''�� (f) The Lessee has the absolute right to ��� . .
<br /> _ 9 ��•�L.;:`s��;;;'����'� assign this L�ease to any _ . '_
<br /> . ;. `� r�.�, cond�,tzi;vnally �''' �
<br /> ,:..,�t.�'�,.,�. , •:�;
<br /> � ,;�s��.��� mortgagee for the purpose of furnfshing such �n� . : .�.:.,:,;:,
<br /> ; � .. .�;::;,�:�t�;.,. ... : . ;.
<br /> � ;` y> >��;:�;, mor�qaqee add�.tional security. .` '. ; ,�t°..
<br /> + .�",i, .ti+ '.! ,r� �� , `I��`tY,tet �\.
<br /> i:�r_:,.�i'..�.:'.��.i'�,.+ . ' , .
<br /> �:g;::�°z;: :,� �.� . . . 5. Rent. �.,;��.;.:.. .,;;:'
<br /> �,; . . � � The Lessee sha11 pay to Lessor, as annual rent, payable in � � ' • .,,`:
<br /> � advance and on orc l�etore �uly first each year, such rent as may �,� � . �.
<br /> '`` � - be annually de�erm:Lned by �he Lessor a�nder the following formula: .
<br />- �'• - � . � The annual rent shall be an amount. each . � �
<br /> - "J �' � � ' year, equal to the result of dividing the � .: , .
<br /> �.� ' total number og residential lessee-
<br /> � � �� �' �...`•�� � . stockhold�r lots into that year's anticipated
<br /> ;;:�{ n�t budge� needs of the Lessor. �
<br /> ,���. .. _ .� .�..•. _`� -
<br /> � ., . .: The computation og �he annual rent shall be done by the Less�r,
<br /> � but shall be uniform� among all lessee-stcckholders of Kuester ,
<br /> �;�i:�' �. � � �. � � Lake, Inc. In any eventi the ann�al rent of the Lessee shall. no�
<br /> ' '�� ' � exceed One Hundred Dnllars ($100.00) unless a ma�ority o£ all �
<br /> ���:` ��� ' .� �� � lessee-stockholders o� Kuester Lake, ina. (one vote €or each
<br /> `� �s a'�i�� s h a r e), p r e s e n t a n d v o ti i.n g at a s pecial rr�eting called fvr that
<br /> • ;
<br /> ` `:;�:�;,,,`j: � . .
<br /> ' .�;,:. ;.:: �: purpose, shall approve the same. � �.'�' �,�
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