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<br />r <br /> <br /> <br />83_ 004529 <br /> <br />-3- <br /> <br />(b) If a majority of the stock of <br />voting at such meeting, determines <br />is in default under his Lease and <br />should be terminated, the Lessee <br />hundred twenty (120) days wi thin which to <br />his or her improvements on said premises <br />he or she fails to remove the same within <br />120 days, the Lessor and the Lessee shall join <br />a public auction of the improvements remaining up- <br />on said leased premises, and the net proc.eeda frome <br />any such sale shall be applied as follows: <br /> <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 tt~ <br />rights of mortgagees, shall be paid to the <br />Lessee. The Lessor agrees to give a new <br />Lease to a suitable pruchaser at such <br />public auction. <br /> <br />THIS LEASE AGREEMENT shall bind the Lessor and the Lessee and their <br />personal representatives, successors, devisees, legatees, heirswat-1aw, <br />and assigns. <br /> <br />KUESTER LAKE, INC. <br /> <br />~ <br />By( - S1, es~'e' ~ <br />LESSOR <br /> <br /> <br />STATE OF NEBRASKA ) <br /> <br />COUNTY OF HALL ) <br />'TCt- <br />On this...?j:.-day of August_,. ItlS3, I",for,' IIII'. :1 h'.!-' <br />Public within and for said COllllly. '1"'I.sollal (\; I'''"ll' <br /> <br />Marilyn J. Jeffries <br />Iessee,-ltrlOlYll to me and kno\vn to-lile'lel ilp-lhp--\til'lll",,1 1"'1'-"" (-" <br />Ivhose llame lS affixed to the forego lng all L"ssel'. and "el. IllfU I 1'011"'01 <br />their execution to be their voluntary act and df'ed lOl' till' I"" !"""'!; <br />therein set forth. <br /> <br />ss. <br /> <br />WITNESS <br />My Notarial <br /> <br />my hand and Notarial ~ the da~,t last. above written. <br />Go~ i" ion 'x, ir," '1,'8 S-'r--.----,?:J/) <br /> <br /> <br />~t:;b~~~ <br /> <br />J:PL\l NOT.AIlY-Stlllll. .''',.akl <br />ARTHUR C. MAYER <br />M\'.Comm. ElIp. fob. 4. 1_ <br />