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200407356 6a. Prior Leases. This Lease replaces and supersedes any prior Lease for said premises which the Lessee or his predecessors in title may have held. 7. Determination of Boundaries. The Lessor shall have the right, on a reasonable basis, to determine the boundaries between the Lessee and his neighbors if the Lessee and his neighbors cannot agree to such boundary line. The lake front boundary of the leased premises shall be to the water line as the same may exist from time to time with changes in the water level of the lake. The boundary line of the leased premises abutting the Lessor's common roads shall be reasonably determined by the Lessor. 8. Peaceful Possession. As long as Lessee conforms with the requirements binding upon him in this Lease Agreement, the Lessee shall enjoy peaceful possession of the leased premises. 9. Improvements. The Lessee shall keep the leased premises in a neat and clean condition at all times and shall keep all improvements on the leased premises in a good condition of repair. 10. Abandonment, The Lessee agrees not to abandon the leased premises. 11. Access for Installing Utility Lines. The Lessor reserves the right to come upon the leased premises for installation of underground or above - ground utility lines and the making of necessary repairs or improvements to or abutting the leased premises. The Lessor agrees to restore the premises to substantially the same condition as they were before any such installation and at the Lessor's expense. 12. Rules and Regulations. The Lessee agrees to comply with the rules and regulations as prepared and furnished by the Lessor to the Lessee, from time to time. Such rules and regulations shall contain restrictions and limitations, for the mutual benefit of all Lessees at Kuester Lake, pertaining to the use by the several Lessees at Kuester Lake of the lake itself, common roads, and the leased premises. It is understood that the basic use of the leased premises shall be for residential purposes, but the Lessor may permit, from time to time, commercial activities on the leased premises. Any such rules, regulations and permits are subject to change by the Lessor, excepting that the basic purpose of the leased premises as residential shall not be abridged. Any changes in the rules and regulations must be approved by a majority of the leaseholders present and voting at a meeting called for such purpose of which written notice has been given to all leaseholders (one vote per Lease). 13. Termination of Lease by Default of Lessee. If the Lessee fails, after ninety (90) days prior written notice from the Lessor, to remedy any default in his or her compliance with any of the obligations binding upon him or her under this Lease Agreement, or under the Rules and Regulations furnished him or her by the Lessor, the Lessor may, at its option, terminate this Lease and retake possession of the leased premises but only after the following procedure has been complied with: (a) A special meeting of all stockholders of Lessor shall be called by the Board of Directors of Lessor, and written notice of such meeting and its purposes be given all such stockholders. Such meeting shall be called for the purpose of determining by majority vote of the stockholders of Lessor, present and voting, as to whether or not termination of Lessee's Lease should be made because of a default by the Lessee. At least ten (10) days written notice shall be given of any such meeting, and the Lessee shall be given full opportunity to show why his or her Lease should not be terminated. (b) If a majority of the stockholders of Lessor, present and voting at such meeting, determines that Lessee is in default under his Lease and that the same shou. "d be terminated, the Lessee shall have one hundred twenty (120) days within which to remove his or her improvements on said premises; and, if he or she fails to remove the same within such 120 days, the Lessor and the Lessee shall join in a public auction of the improvements remaining upon said leased premises, and the net proceeds from any such sale shall be applied as follows: 2