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<br />r <br /> <br />-3- <br /> <br />83;..- 004543 <br /> <br /> <br />r <br /> <br />(b) If a majority of the stock of Lessor, present and <br />voting at such meeting, determiw=s 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 ,.hich 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 frum <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 the <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, heirs-at-law, <br />and assigns. <br /> <br />KUESTER LAKE, INC. <br /> <br />~->~~!. " <br />By " ~ . '-....'. -t/ <br />ts P e~ / <br />/ . . /.l LESSOR <br />/ /, /,' l ' /" / / , <br />/;{ltl-fr ~,--~ F .,J;-f"nu?y'--. <br />[ Wi 11 i~m P .~iEf,f/~ ies <br />(/ .y- " <br /> <br />LESSEE <br /> <br />STATE OF NEBRASKA <br />COUNTY OF HALL <br /> <br />ss. <br /> <br />On this:.zb- day of August , 19 83, before me, <l NolillY <br />Public within and for said County, personalTY came <br /> <br />William P. Jeffries <br />Lessee, known to me and known to me to be the iden t ica C'pel:-:yc.ln (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 /> <br />WITNESS my hand and Notarial <br />My Notarial Commission expires: <br /> <br /> <br />last above written. <br /> <br />~. SQlUAUOTo\IlY_S, <br />... A-... tile 01 N. '.r".... <br />. ....'nURC. MAYER <br />My Cornm, &p, foQ. 4.1ll1l4 <br />