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(b) I.f a majority of the stock of Lessor, present and <br />voting at such meeting, determines that Lessee <br />is in default under has Lease and that the same <br />should be terminated, the Lessee shall have one <br />hundred twenty (120) clays wi.t.hin which to remove <br />his or her improvements on said premises and, if <br />he or sne fails to remove the same within such <br />120 days, the Lessor and the Lessee shall join in <br />a public auction of the improvements remaining up- <br />on said leased premises, and the net proceeds from <br />any such sale shall. be applied as follows: <br />FIRST in the payment of any unpaid rents or other <br />amounts owing by Lessee to Lessor; <br />SECOND any remaining proceeds, subject to the <br />rigid s of mortgagees, shall be paid to the <br />Lessee. The Lessor agrees to gave a new <br />Least= to a st6 table purchaser at such <br />public auction. <br />THIS LEASE AGREEMENT shall bind the lessor and the Lessee and their <br />personal representatives, successors, devisees, legatees, heirs- at-law, <br />and assigns. <br />KiIEST ER <br />LAKE, <br />INC. <br />By_ �A, <br />Y l <br />Its President <br />LESSOR <br />LeROY W. MORTON and <br />LINDA L. MORTON <br />LESSEE <br />STATE OF NEBRASKA ) <br />ss. <br />COUNTY OF HALL ) <br />On this �h day of Janua� 19 67, before me, a Notary <br />Public within and for said County, personally came LeRoy W. Morton <br />and Linda L. Morton, husband and wife, <br />Lessee, known to me and known to me to be the identical person (s) <br />whose name is affixed to the foregoing as Lessee, and acknowledged <br />their execution to be their voluntary act and deed for the purposes <br />therein set forth. <br />WITNESS my hand and Notarial Seal the date last above written. <br />My Notarial Commission expires: <br />i s��_ =° <br />n.e�l Notary Public <br />