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<br />I <br /> <br />-3- <br /> <br />83- 005029 <br /> <br />(b) If a majority of the stock of Lessor. present <br />and voting at such meeting, determines that Lessee <br />is in default under 'his laa-se axle that the---s.&116 <br />should he terminated. the Lessee shall have one <br />hundred twenty (120) days within which to remove <br />his or her ill'lprOVements on said premises and. if. he <br />or she fails to remove the same within such 120 <br />days. the Lessor and the Lessee shall join in a <br />puhlic auction of the improvelnents re."1laining upon <br />the leased premises and the net proaeeds from any <br />such sale shall he applied as follows: <br /> <br />FIRST in the payment of any unpaid rents or other <br />amounts owing hy 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 pub11c <br />auction. . <br /> <br />T.tl:IS LEASE AGREE.'1El-.'T shall bind the Lessor and the Lessee and <br />their personal representatives. successors. devisees. legatees. <br />heirs-at-law and assiqns~ <br /> <br />K'0ESTER LAKE, INC. <br /> <br />Ey <br /> <br />/~ \ <br />': . . c#~A' <br />It l'r si e.. t ( <br /> <br />LESSOR <br /> <br />~ ~ ,:...L- <br />G,/~1'~ <br />~ <br /> <br />(' \.;? (/) <br />)f'.oJ / C. )'--;..L.;J;t;;;;; <br />'I <br />v LESSEE <br /> <br />1- <br />.~ ' <br />/A~ <br /> <br />STATE OF NEBRASKA <br /> <br />ss. <br /> <br />COtmTY OF HALL <br /> <br />On this ~day of~J 197~ before me. a Notary <br />Public within ana for said county'. pe.rsonally carne <br />Francis E. Fulton and June E. Fulton <br />Lessee, . known tome and known to me to be the ident:!.cal person (5) <br />whose name is affixed to the foregoing as Lessee, and acknowledged <br />the:ir execution thereof to be their voluntary act and deed for the <br />purJ;lO&- therein set fort-,<. <br /> <br />Witne$$ my hand and notarial seal the date last above written. <br />M;t Notarial C.omnlission expires: ~~ ~ /9 7 ~ . <br /> <br />'. ..: :?JY~7 &,~ <br /> <br />,Notary Public <br /> <br />~ Vi.T.'3lrEtl( <br />.. .........~....... ~....:- ::~..t-.'.~~.. fr_c,,~. '~i)~(~~* <br />~ C_m,_ E,p...$ <br />." .. . ;:9Y2~. l~lil <br /> <br />