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99111153
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Last modified
3/13/2012 8:08:31 PM
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10/21/2005 1:28:06 AM
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DEEDS
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99111153
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!_ <br /> 99 111153 <br /> premises onto the Lessor� s roads and shall also have the right to <br /> use the lake for boating, swimming, and fishing. These access <br /> rights are in common with the other leaseholders at Kuester Lake. <br /> 6a. Prior Leases . This Lease replaces and supersedes any <br /> prior Lease for said premises which the Lessee or his predecessors <br /> in title may have held. <br /> 7 . Determination of Boundaries . The Lessor shall have the <br /> right, on a reasonable basis, to detennine the boundaries between <br /> the Lessee and his neighbors if the Lessee and his neighbors cannot <br /> agree to such bounda�y line. The lake front boundary of the leased <br /> premises shall be to the water line, as the same may exist from <br /> time to time with changes in the water level of the lake. The <br /> boundary line of the leased premises abutting the Lessor� s common <br /> roads shall be reasonably determined by the Lessor. <br /> 8 . Peaceful Possession. As long as Lessee conforms with the <br /> requirements binding upon him in this Lease Agreement, the Lessee <br /> shall enjoy peaceful possession of the leased premises. <br /> 9 . Improvements. The Lessee shall keep the leased premises <br /> in a neat and clean condition at all times and shall keep all <br /> improvements on the leased premises in a good condition of repair. <br /> 10 . Abandonment . The Lessee agrees not to abandon the leased <br /> premises . <br /> 11 . Access for Installing Utility Lines The Lessor reserves <br /> the right to come upon the leased premises for installation of <br /> underground or above-ground utility lines and the making of <br /> necessary repairs or improvements to or abutting the leased <br /> premises. The Lessor agrees to restore the premises to <br /> substantially the same condition as they were before any such <br /> installation and at the Lessor� s expense. <br /> 12 . Rules and Regulations The Lessee agrees to comply with <br /> the rules and regulations as prepared and furnished by the Lessor <br /> to the Lessee, from time to time. Such rules and regulations shall <br /> contain restrictions and limitations, for the mutual benefit of all <br /> Lessees at Kuester Lake, pertaining to the use by the several <br /> Lessees at Kuester Lake of the lake itself, common roads, and the <br /> leased premises . It is understood that the basic use of the leased <br /> premises shall be for residential purposes, but the Lessor may <br /> permit, from time to time, commercial activities on the leased <br /> premises. Any such rules, regulations and permits are subject to <br /> change by the Lessor, excepting that the basic purpose of the <br /> leased premises as residential shall not be abridged. Any changes <br /> in the rules and regulations must be approved by a majority of the <br /> leaseholders present and voting at a meeting called for such <br /> purpose of which written notice has been given to all leaseholders <br /> (one vote per Lease) . <br /> 13 . Termination of Lease by Default of Lessee If the Lessee <br /> fails, after ninety (90) days prior written notice from the Lessor, <br /> to remedy any default in his or her compliance with any of the <br /> obligations binding upon him or her under this Lease Agreement, or <br /> under the Rules and Regulations furnished him or her by the Lessor, <br /> the Lessor may, at its option, terminate this Lease and retake <br /> possession of the leased premises but only after the following <br /> procedure has been complied with: <br /> (a) A special meeting of all stockholders of <br /> Lessor shall be called by the Board of <br /> Directors of Lessor, and written notice of <br /> such meeting and its purposes be given all <br /> such stockholders . Such meeting shall be <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 />
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