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<br />,\ <br /> <br />. <br /> <br />.. <br /> <br />200605248 <br /> <br />called for the purpose of determining by majority vote of the <br />stockholders of Lessor, present and voting, as to whether or not <br />termination of Lessee's Lease should be made because of a default by <br />the Lessees. At least ten (10) days written notice shall be given of <br />any such meeting, and the Lessees shall be given full opportunity to <br />show why his or her Lease should not be terminated. <br /> <br />(b) If a majority of the stockholders of Lessor, present and voting at such <br />meeting, detennines that Lessees are in default under their Lease and <br />that the same should be terminated, the Lessees shall have one <br />hundred twenty (120) days within which to remove his or her <br />improvements on said premises; and, ifhe or she fails to remove the <br />same within such 120 days, the Lessor and the Lessees shall join in a <br />public auction ofthe improvements remaining upon said leased <br />premises, and the net proceeds from any such sale shall be applied as <br />follows: <br /> <br />FIRST in the payment of any unpaid rents or other amounts owing by <br />Lessees to Lessor; <br /> <br />SECOND any remaining proceeds, subject to the rights of mortgagees, shall <br />be paid to the Lessees. The Lessor agrees to give a new Lease to a suitable <br />purchaser at such public auction. <br /> <br />THIS LEASE AGREEMENT shall bind the Lessor and the Lessees and their personal <br />representatives, successors, devisees, legatees, heirs-at-Iaw, and assigns. <br /> <br />KUESTER LAKE, INe. <br /> <br /> <br />LESSOR <br /> <br />~AJ. t. rJ~ <br /> <br />Deborah L. Voorhees <br /> <br />LESSEE <br /> <br />STATEOFNEBRASKA ) <br />) ss. <br />COUNTY OF HALL ) <br />(,-\~ <br />The foregoing instrument was acknowledged before me this , day of June, 2006, by <br />Jane Richardson, president of Kuester Lake, Inc., a Nebraska corporation, on behalf ofthe <br /> <br />coqmration. ~~~, .~ <br /> <br />Notary Public <br /> <br />STATE OF NEBRASKA <br /> <br />) <br />) ss. <br />) <br /> <br />....\,'lt~".J...~ <br />/?...ff:\ <br />:: :aENERAL':, 'S: <br />:.*: ..... :*: <br />\ \.~OTAR.~i l <br />~~;;;~~f~~~~~ <br /> <br />COUNTY OF HALL <br /> <br />BONNIE L. WILL <br />MY COMMISSION EXPIRES <br />June 28, 2007 <br /> <br />The foregoing instrument was acknowledged before me this q'f\....... day of June, 2006, by <br />Deborah L. Voorhees, Lessee. <br /> <br />~o~ <br /> <br />A Gt~ERAL NOTARY. State of Nebraska <br />Jit ELIZABETH A GARDUNO <br />,_ _ " My Comm. Exp. March 2, 2009 <br />