Laserfiche WebLink
<br />Q~ <br />m (1'1 <br />n:c <br />'" <br /> <br />10 <br />m <br />." <br />C <br />Z <br />nno <br />~>!{) <br />n(l'l <br />;IIl\:::C <br /> <br />~ <br />~ <br />~ <br />~ <br /> <br />I\.) <br />s <br />s <br />(1) <br />s <br />.j:::.. <br />(1) <br />I\.) <br />c..n <br /> <br />~ <br />~ <br /> <br />~-f <br />i r <br /> <br />.....- <br />U'1 <br />-.J <br /> <br />3 <br />= <br />-= <br />N <br />..J: <br /> <br />-0 <br />=:3 <br /> <br />:D <br />o <br />;;; <br />:z <br />i:! <br />G") <br />"' <br />-t <br />~ <br />en <br />"' <br />~ <br />c=; <br />CI <br /> <br />LEASE AGREEMENT <br />Dated: May ~, 2006 <br /> <br />THIS AGREEMENT entered into between KUESTER LAKE, INC., LESSOR, and <br />GORDON O'NEILL and COLLEEN O'NEILL, husband and wife as joint tenants, LESSEES. <br /> <br />1. Description of Leased Premises: <br /> <br />Lot Nine (9), situated on the Ease side of the West Portion of Kuester Lake, <br />and being on a part of the East Half of the Southwest Quarter (El/2SWl/4) <br />in Section Thirteen (13), Township Eleven (11) North, Range Nine (9) <br />West of the 6th P.M., Hall County, Nebraska, having a lake front <br />footage of Eighty (80) feet; <br /> <br />such lots are as shown on a plat in possession of Lessor. <br /> <br />o (fl <br />o -l <br />c:l> <br />z-i <br />-j.rTl <br />-<0 <br />Q""Tl <br />"T1z <br />:ern <br />l>aJ <br />r- ;:0 <br />r l> <br />Cf) <br />:;00:: <br />l> <br />~:'--'" <br /> <br />en <br />en <br /> <br />2. Term of Lease: Thirty-five (35) years, commencing May 22,2006 and terminating May <br />22,2041. <br /> <br />3. Option to Extend Term: Lessees have the option to extend the term of this Lease for <br />an additional 35 years by giving Lessor notice thereof, in writing, by November 22.. 2040 <br /> <br />4. Rieht to Assienment of Lease: Lessees have the right to assign this Lease provided: <br /> <br />(a) Lessees have complied with all terms ofthis Lease. <br />(b) Lessees transfer to the new owner all interest and ownership ofthe <br />Lessees in the common stock of Kuester Lake, Inc. <br />( c) The new Lessees agree, in writing, to abide by the terms of the Lease <br />so assigned, any new Lease of these premises, and to abide by the <br />Agreement entered into by this Lessee's predecessors in title with <br />Kuester Lake, Inc. on or about November 4,1974, the terms of which <br />are incorporated herein by reference. <br />(d) The new Lessees shall be entitled to a new Lease for a 35-year term. <br />The term may be longer if consented to by the Lessor. <br />(e) Any subleasing must have the Lessor's approval. <br />(f) The Lessees have the absolute right to conditionally assign this <br />Lease to any mortgagee for the purpose of furnishing such mortgagee <br />additional security. <br /> <br />5. Rent. The Lessees shall pay to Lessor, as annual rent, payable in advance and on or <br />before July first each year, such rent as may be annually determined by the Lessor under the <br />following formula: <br /> <br />The annual rent shall be an amount, each year, equal to the result of <br />dividing the total number of residential lessee-stockholder lots into <br />that year's anticipated net budget needs ofthe Lessor. <br /> <br />The computation ofthe mmual rent shall be done by the Lessor, but shall be uniform among all <br />lessee-stockholders of Kuester Lake, Inc. In any event the mmual rent of the Lessees shall not <br /> <br />~I <br /> <br />off <br /> <br />~I <br />C') <br />r+ <br />~~ <br /> <br /><:-.) <br />\ \J'~ <br />" \:;... <br />