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<br /> <br /> <br /> <br /> 94-10341-1 <br /> <br /> Lessor shall be called by the Board of <br /> Directors of Lessor, and written notice <br /> of such meeting and its purposes be given all such <br /> stockholders. Such meeting shall b2 called <br /> for the purpose of determining by majority <br /> vote of the stockholders of Lessor, present: <br /> and voting, as to whether or not termination <br /> of Lessee's Lease should be made because of a <br /> default by the Lessee. At least ton (10) <br /> days written notice shall be given of any <br /> such meeting, and the Lessee shall be given <br /> full opportunity to show wh7:, his or her Lease <br /> should not be terminated. <br /> (b) If a majority of the stockholders of Lessor, <br /> present and voting at such meeting, <br /> determines that'Lessee,is in default under <br /> his Lease and that the same should, be <br /> terminated, the Lessee shall have one hundred <br /> twenty (120) days within which to remove his <br /> or her improvements on said premises; and, if <br /> lie or she fails to remove the same. within <br /> such 120 days, the Lessor and the Lessee <br /> shall join in a public auction of the <br /> improvements remaining upon said leased <br /> premises, and the net proceeds from any such <br /> sale shall be applied as follows: <br /> FIRST in the payment of any unpaid rents or <br /> other 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 Lesser and the Lessee <br /> and their personal representatives, successor,, devisees, <br /> legatees, heirs--at-law, and assigns. <br /> KUESTER L INC: <br /> By , <br /> Its Pyre dent <br /> 117- <br /> LESSOR <br /> ~C I ~ t$J a f4 ~n <br /> f~ <br /> i y <br /> <br /> ' LESSEE <br /> STATE OF NEBRASKA ) <br /> . SS. <br /> COUNTY OF HALL ) <br /> <br /> On this ZS day of &rrl 19 /~7 It before me, a Rotary <br /> Public within and for said Cnunt'y, persorial' . cnm^ <br /> Lessee, who is known to me and ;mown to ine tc.a be the identical <br /> persons whose names are affixed to the foregoing as Lessee, and <br /> acknowledged their execution to be their voluntary act and deed. <br /> for the purposes therein set forth= <br /> WITNESS my hand and Notarial Seal the date _Last above <br /> .written. My Notarial Commission expires: <br /> <br /> DA IM Public <br /> OF-JAIM My Comm UP. AV& q, im <br /> En4 <br /> r <br />