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<br /> � . �. . ` �iL'��`�'� �:� �.__. '..
<br /> . . - 1$ZS. ;�11' dII�A=ad. fat0 ` betMQ!!Q �OBlaTBR .LAt�i I,NC',.,
<br /> .. . . �,�$�fR; a� C�17'HiX��J. S+DRBNSBU OGLS 11i�d��CiRRSBT �: C�E's�. �Rt::, wS.ite � �
<br /> , stid.busbatnd, as joitYt tenaats, wher.he�c one or awre, LB&B�iR. � , �
<br /> . 1�: Dea�nt{nad of L...�aed .pr�emf�e�s I�ot Tei�:.{10)� haviug:�t ' ' .
<br /> Iske fro�t #oatage of Sgv!enty-six tT6`) Peet, situated on th� Bast
<br /> .. � �ide oi ttle xest pertion oi Eueetdr Laace,:�� being a part .o� tlu ` �
<br /> > Sast 8alf cf the Southrrest Qaarrer (Bis81� ia Section i3, ToMnsbi.p ` _�`
<br /> �ii North, Rainge 9 i�ieat of the 6th P.M., in Ha12 Countp, Nebraaks;
<br /> - y bowaded oa the Baeteriy Bide by the cammcn road� su�h lot is as
<br /> sho+m.on a plat in.possession of Lessor.�
<br /> � 2. Term of Leage� Thi"rty-five (35) years, cacraer�cf.ag July 1, �
<br /> �- i977, and tesyni.nati�.ng June 30, 2Qi2. . • .
<br /> 3, oot{�tQ. �ctend Term: Lessee bas the option to extend �
<br /> trie term af this Lease for an addi�ional 35 years bp giving Lessor
<br /> notice thereof, in �ritiag, by July 1, 2011. �
<br /> 4. .�,gr* to Assfnrim+ent of Lease: LeaBee has the right to
<br /> � assign t�is Lease provided: � �
<br /> fa�.' Lessee has complied �rith ail terms of thfs
<br /> Lease. �j
<br /> tb) Lessee transfers to the new owner all interest . ` �
<br /> — � , and �wnerahip of tha Lessee in the common -
<br />- � �,stock o� Kuester Lake, Ine. "
<br /> {c) :`.:,The new Lessee agrees, in writ�ng, 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 witb Kuester Lake, Inc_ �-°--=_
<br /> on or about November �4; 19?4, the terms a€ . � , ���_-�
<br /> which are incorporated herein by reference. . � R`�0.'�'�F
<br /> _� t �• (d) The new Lessee shall be eatitled to a .ner� .,;�:�:`�=:
<br /> � Lease for a 35-year term. The term a��y be
<br /> y ;.`�.�,,3;� longer if consented to by the Lessor. , �•r��, _
<br /> .�;}1�' (e) Aay subleasing muat have the Lessor's r';� , -.:_�
<br /> `�?�`a�r� aPPtov31. , .. '�, �,�. ;�'.'.,
<br /> ;�,�•�,,;��: �f) The Lessee has the absolute right to -_
<br />��.��� �-�_ihM.� Conditionally assign this Lease to any �
<br /> _w .—.�,�.f'.' . . _
<br /> i" �,,�::•� � mortgagee for the gurpose of furnishing such
<br /> - _ - mortgagee additional security. � f� �
<br /> t'.w? ��� . . � ,I .. - --
<br /> � �� �,�;� � � � 5. Rent. The Lessee ahall pay to Lessor, as annual rent,
<br /> '"'�°�'"' � � payable in advance and on or before July first each year, such rent � � -� ���"�'
<br /> �:.: ��,�;��*.:j. .�,.:
<br /> � , �5�;.:,�;-: ae may be annually deternuned by the Leasar under the following � �-��-�`
<br /> �,i°;_�;;�� formula: :� :
<br /> .. . !Y��".� - I-. ,..
<br /> ��; .`��t�'"���.�:_ The annual rent sha12 be an amount, each year, . .. . . ;_.,.. _ _
<br /> � ' �� equal to the reault of dividing the total �- , •
<br /> number of residential lessee-stockhoider lots , '' .
<br /> �l.i:��.�°.;: into that year�s anticipatec3 net budget needs , � •
<br /> - •�•� of the Lessor.
<br /> � k--- • -
<br /> _4� � '�' � The camputation of the annual rent shall be done��by the Le$sor, but �. �
<br /> �' ` �� "'" � shall be u�iform among all lessee-stockholders of Kuester Lake, ' �
<br /> ' : - :,,•���:��:_ ..
<br /> _ ,,.,,.. . .
<br />=�` :.� Inc. In any event the annual rent of the Lesaee shall not exceed
<br />-�� One Hundred Dollars �$100.00) uniess a majority of ai]. lessee- � •
<br /> _ ,�,,=; . gtockholders. of Kuester Lake, Inc. �one vote for each ehare), �
<br /> present and voting at a speciai meeting called for that purpose, :
<br /> -_ . sh�].1 apprave the satne. ' . � .
<br /> - -�I----- . . . , . __ ---
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