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<br />I <br /> <br />83~ 004559 <br /> <br />-3- <br /> <br />r <br /> <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 saIne <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 /> <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-Iaw, <br />a.{l.Q.",jI,n.s igns . <br />..It.~ ~ If!. <br />...,,--..~""x:.. t;.../',; 1(/,,",'-'-, <br /> <br />g~-~;::~~'" ,." ... .... -"'{~\ <br /> <br />.:: -" .- <br />"'--' , <br /> <br />\'-'1,... <br /> <br /> <br />-', <br />C~ " <br /> <br />KUESTER LAKE, INC. <br /> <br />~ <br />-i'ts / ~~ 1 ~ e~~' <br /> <br />By <br /> <br />.''-., :: <br /> <br />~ ',< ,~ <br />.' <br /> <br />'~~';;'::t'/:;~I:: ~';, p"""" . <br /> <br />LESSOR <br /> <br />P;Z.~ ~ <br />/ Michael Cacy V <br />/)- l' .-.::.:; / <br />(l1j".fJO)~ ~i) A/r.J?",,~ <br />Arline F. Sorensen <br />LESSEE <br /> <br />STATE OF NEBRASKA ) <br /> <br />COUNTY OF HALL,) ~} . <br /> <br />On this,Ali4'day of /,~c.e./~- , 19Ji:L, beforE' me, <br />Publ ic wi thYr;.~d for sa'id~ounty, persona lly came ._'__..., <br /> <br />_, Michael Cacy and Arline'F. Sorensen <br />Lessee, known to me and known to me to be <br />whose name is affixed to the foregoing as <br />their execution to be their voluntary act <br />therein set forth. <br /> <br />ss. <br /> <br />a Notnl'Y <br /> <br />the identlcar-persutl (s) <br />Lessee, and acknowledged <br />and deed for the purposes <br /> <br />WITNESS my hand and Notarial <br />My Notarial Commission expires: <br /> <br />L <br /> <br /> <br />Seal the date last above written. <br />7<:( -Y<j <br /> <br />~~aib6 7;7'~~h. <br />. /. ry P bIlc <br />'/ <br />