Laserfiche WebLink
99 110869 <br /> ' LEASE AGREEI�NT <br /> T'HIS AGREEMENT entered into between KL'ESTER LAKE, INC. , <br /> LESSOR, and Virginia Niblack,LESSEE. <br /> 1 . Description of Leased Premises : <br /> having a lake front footage of <br /> Lot Five ( 5) , House #31 / situated on the East feet , <br /> side of the East portion of Kuester Lake, and being part of the <br /> East Half of the Southwest Quarter (E1 /2 SW1 /4) in Section 13, <br /> Township 11 North, Range 9 West of the 6th P.M. , in Hall County, <br /> Nebraska; such lot is as shown on a plat in possession of Lessor. <br /> such lot is as shown on a plat in possession of Lessor. <br /> 2 . Term of Lease: Thirty-five (35� years, commencing <br /> Nov�mber 5,, 1999, and terminatingNovember 5 , 2034 . <br /> 3 . Option to Extend Term: Lessee has ;:he option to extend <br /> the te�n of this Lease for an additional_ 35 year:� by giving Lessor <br /> notice thereof, in writing, by June 1, �034 , <br /> 4 . Right to Assignment of___Lease_�_ Lf>c:.;e�- has the r�gY;t to <br /> assign this Lease provided: <br /> (a) Lessee has complied with a11 tE.r�tls �.af this <br /> Lease. <br /> (b) Lessee transfers to the new owner all interest <br /> and ownership of the Lessee in the common <br /> stock of Kuester Lake, Inc. <br /> (c) The new Lessee agrees, in writing, to abide by <br /> . the terms of the Lease so assigned, any new <br /> Lease of these premises, and to abide by the <br /> Agreement entered into by this Lessee ' s <br /> predecessors in title with Kuest�r Lake, Inc. <br /> on or about November 4, 19�4, �:tz�-, =:.erms of <br /> which are incorporat2d herein by re�e�ence. <br /> (d) The new Lessee shall. be ei�titJ ��:i ta a new <br /> Lease for a 35-year.� tezm. i'tie ���:r may be <br /> longer if consented to �y the Les��-� . <br /> (e) Any subleasing rnus��. have '-r:�i 1.�essor� s <br /> approval . <br /> (f) The Lessee has the absulutE� �cicxht to <br /> conditionally assign this Lease to any <br /> mortgagee for the purpose of furnishing such <br /> mortgagee additional security. <br /> 5 . Rent . The Lessee shall pay to Lessor, as annual rent, <br /> paya.ble in advance and on or before July first edch year, such rent <br /> as may be annually determined by the Lessor under the following <br /> formula: <br /> The annual rent shall be an amount, each year, <br /> equal to the result of dividiny the total <br /> number of residential lessee-sto�k:,olc�ier lots <br /> into that year' s ant� ripated net �::�.�.�iget needs <br /> of the Lessor. <br /> The computation of the annual rerit Shali be a:��iF: 5y the Lessor, but <br /> shall be uniform among all Iessee-s*ockholc��rs of Kuester Lake, <br /> Inc. In any event the annual rent of the Lesse° shall not exceed <br /> One Hundred Dollars ($100 . 00) unless a majarity of all lessee- <br /> stockholders of Kuester Lake, Inc. (onE vote for each share) , <br /> present and voting at a special meeting called for that purpose, <br /> shall approve the same . <br /> 6 . Access . The Lessee shall i�ave ac•cu::y from t�ie leased <br />