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<br />-s- 34 --d:-00206 <br />(b) If a majority of the stock of Lessor, present and <br />voting at such meeting, determines that Lessee <br />is in default under his Lease and that the same <br />should be terminated, the Lessee shall have one <br />hundred twenty (120) days within which to remove <br />his or her improvements on said premises and, if <br />he or she 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 />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 <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 />KUESTER LAKE, INC. 's~t <br />,.~:` <br />By_T_ s eszd t ~~~,` - <br />THOMA EVRIVY <br />~k ~ . ~t,¢Ulir <br />JANE B. NEV VY <br />LESSEE <br />STATE OF NEBRASKA ) ~eRw~e-wn-ur•r~ww.a. <br />s s . STANLEY L PEfER80Fi <br />COUNTY OF HALL ) ~~~~i~3lq <br />On this ~~ day of December 19 83, before me, a Notary <br />Public within and for said County, personally came Thomas <br />E Nevrivv and Jane B Nevrivv as ioint tenants,, <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 writien. <br />My `Notarial- Commission exgires: C~r~. / %~z~ <br />Nota y Public <br />