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<br />83~'n05533
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<br />THIS AGB.EE."1ENT entered into. between KlJESTER. LAKE', INC.,t~Si~~a~',.,
<br />
<br />FRJi~.RICK~ J. ST.llfB~.. I..GKan.d W. I. LMA M.. '. ... STUBB1';ND.l.CIC.. .......... .....,'... .....................................................................'.............................~.
<br />'...............................'.................................
<br />(as.. ,JOlnt ...enants.. ... ~JiX,2all:JalQei<<lltJifll~";h.9.u:t..... ....
<br />portlon not applicable) whether one or more ,LESSEE. . . . .. ,.;,it.'
<br />Lot 14 and.theN%of Lot 15, haVl~t~~~~J
<br />1. Descriotion of Leased Premises: front footage of 75 feet, andsitua~,~,
<br />the East Sl<Je of the East pornOl'l ot Kuester Lake, and being on a part of the~{
<br />Section 13. TCMUlhip 11 North, Range 9. in Hall County, Nebraska,. bounded on~;
<br />Easterly side by a crnmon road, such lots are as sha\.n on a plat m the possess::u:m.
<br />of the Lessor.
<br />
<br />LEASE AGREEMENT
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<br />c<-:,:',.-t
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<br />2. Term of Lease:
<br />~_yearSt co~encing
<br />September 30, 2018
<br />
<br />Oc taber 1, 1983
<br />
<br />and
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<br />J. OntiD~ ~o Extend Term:
<br />Lessee has the oPtion co extend ~he ~erQ or chis Lease for an
<br />additional 35 years by giving l.essor nodce thereof, in writing,
<br />by April :. 2018
<br />
<br />...
<br />
<br />Ri~ht to
<br />Lessee
<br />(a)
<br />(b)
<br />
<br />(c)
<br />
<br />Assign~ent 0: Lease:
<br />h~5 the rlgnt to. assign :n:?,l.ease pr~vided:
<br />~essee ndS COm?~leQ w~~n Sll :erms or this Lease.
<br />Lessee transfers co the new owner all interest and
<br />owner5hip ai che Lessee in :he cOQmon stock of
<br />Kuester :...ake! l~c. . . <
<br />7he new_~e~se~ agrees, ~~_wrl~~ub) ~o aO~ae by_the
<br />teres 0: :~e ~ease so aSS1~nec, any ~ew ~ease tor
<br />r::...e~e _ ;Jremiscs_! . ;jnd i.O ':\~l.;e, -0~ :"::le Ag:-eement ent-
<br />~rea 1-:1;;0 0'1 t:llS ~essee w~:.n :'\.t~~ster :...aKe, Inc. on
<br />Qr ~bou~ ~cvew~er 4~ ~~74, ~hc ~cr~s oi which are
<br />rccorporated ~ereln ~y reference.
<br />The :'~~w :~~ssce 3h~11 je ~:;'lti~l~ri to .J. ;)ew Lease for
<br />a 35-year ter~. The tc~~ ~ay ~e lunger if consented
<br />to by :Ge ~cssor.
<br />
<br />~~~ ~~;~::s~~~ ~~:t~~~~~~~~e:~:~~o~~s~~~~r~r~~~~lY
<br />
<br />4$8ign this ~ease ~o ~ny ~o~tgagce ~or the ?urpose
<br />oi rUrniSGlng such ~ortgagee ~caitlonal security.
<br />
<br />(d)
<br />
<br />(e)
<br />_, .: \
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<br />Re:n t :
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<br />- !~e l~~~~e_ shall. ?~Y".:o ~,~SS~:~:_~~_ ~~:~u~~ :en~:,;ta~abie._ :..~ a~-.~
<br />vance -4Xla -on or oe..oj,lo;: ."J..;..y ...,...~'" cl-a....H )ea.... .:;,vt..:u ...ent uS h~aJ ..,-~
<br />&nnually determined by the Lessor ~nder the following formula:
<br />The annual rent shall he an a=ount, each year,
<br />equal to the result of dividi~g ~he ~otal nu~-
<br />~er or residential i~sse~-stoc~holder lots inco
<br />that yearJs antici?aceQ ~et b~dget needs or ~he
<br />Leslior.
<br />The computation of the &n~uai rt~:1.t snall be done by the Lessc.r)
<br />?U~ sh~ll be uniform aQong ?ll :~ss~e-scocK~oi?crs o~ Kve~~~~
<br />~~e} lnc. In any event, :ne annUUi ~ent or ~ne Lessee snali
<br />nQ~ exceed One Hundred Dollars ($100.00) ~nless a ~ajoriry
<br />of aU lessee-stockholders oi Kuester L.ake, Inc. (one vote ror
<br />ea~h share)t present and voting &~ a special meeting called
<br />for that purpose, shall approve ehe same.
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<br />&,
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<br />AJ;:~llli :
<br />:... e ~S$ee shall hlive access trom ~he leilsea premises ..:.)nto [he
<br />1es.orts roads and shall also have the right :0 use the lake
<br />for boating, tl",imming. and fishing. These access rights are l;,
<br />(:Oi!lmCH'I with the other leaseholders .:i t Kues ter Lake.
<br />
<br />6a. PIior Leases:
<br />'rlaa teaae teplaccli aud &upersedes anj' prior Lease for sales p~'e;;.,-
<br />i.ei whi.:h the Lesal1ut or hi. predecesliorll in ti tle iT.ay t\a ve :le:".
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