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.~ . . . ,/ -3- 200802888 (b) If a majority of the stock of Lessor, present and voting at such meeting, determines that Lessee .is in default under his lease and that the same . should 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 the leased premises and the net proaeeds from any such ~ale shall be applied as follows: FIRST in the payment of any unpaid rents or other amounts owing by Lessee to Lessor; SECOND any remaining proceeds, subject to the 'rights of mortgagees, shall be paid to the Lessee.. 'The Lessor agrees to give a new lease toa suitable purchaser at such public. auction. . THIS LEASE AGREEMENT 'shall bind the Lessor and the Lessee and their personal representatives,. .sUocessors, devisees, legatees, heirs-at-law and assigns~ ' ... I KUESTER LAKE, INC. . By ~~ Its Pre dent .~~ iJD ~~WJt- " LESSEE STATE OF NEBRASKA ) : 88. COUNTY OF HALL ) On this' /7~ay of~ 1 97.L, before me, a Notary Public wi thin and for said county, tJorsona1ly...came., bb Weston H. B. Webb and L. June "e Lessee, known to me and known to me to be the identical person (s) whose name is affixed to the foregoing as Lessee, and acknowledged their execution thereof to be ~heir voluntary act and deed for the purposes therein set~orth. Witness my hand ,and no~arial Beal,~ie date last above My Notarial commiSSi.::~. ~:"i::S: ~1I8. ~. , VI. T. ORE , ,. ..L. Gener,' !lOlafY.Slaled'p1.....' .... " . ff', L_- M commlss1nn Ex res,,' '; ", -- y May 28, 19?,~" ':" " .,,~otary Public written. ..t .1 I '" ..