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- � � 99 110362 � <br /> -3- <br /> (b) If a majority of the stock o� Lessor, present <br /> and voting at such meeting, determines that Lessee <br /> is in default under his lease and that the same <br /> . shoulc� be terminated, the Lessee shall have one <br /> hundr�d twen�y (120) days within which �o remove <br /> his or her improvements on said premises and, if he . <br /> or she fails to remove the same within such 120 <br /> days, the Lessor and the Lessee shall join in a <br /> public auction of th� improvemen�s remaining upon <br /> the leased premises and the net pro¢.eeds from any <br /> such sale shall be applied as �ollows: <br /> FIRST in the payment of any unpaid rents or other <br /> 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 <br /> " lease 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, l.egatees, <br /> r.airs-a�-law and ass�.gns. � , <br /> KUESTER LAKc,, INC. <br /> S� <br /> B� <br /> � : ' It s Pr i en <br /> . LESSOR <br /> � <br /> r <br /> ��� � � ���� <br /> LESSEE <br /> STATE OF NEBRASKA ) � <br /> : ss. <br /> COUNTY OF HALL ) � <br /> On this �day of �hs�� 197 �, before me, a Notary <br /> Public within and for said county, personally came ' <br /> Arnold T. Ericksen and Loretta E. Ericksen <br /> Lessee, known to me and known to me to be the identical person (s) <br /> whose name is affixed to the foregoing as Lessee, and acknowledged <br /> their execution thereof to be their voluntary act and deed for the . <br /> purposes therein set forth. <br /> � Witness my hand and notarial seal the date last above written. <br /> My Notarial Commission expires: YAR2R 197A ' <br /> �"!.T. GR�FN f NebF...'. .,'�. . ..., . . , <br /> " Gener;�l+do�ar�•Stu � - . <br /> MY �o;.. ,sio:� �x�� -' <br /> .�M =�. �ay,�<:,, ia�� .. .. •Notary Public , <br /> �-, -_. , , <br />