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I 84 _' 003077 -2- r 7, Determination of Boundaries: The Lessor shall have the right, on a reasonable basis, to deter- mine the boundaries between the Lessee and his neighbors if the Lessee and his neighbors cannot agree to such boundary line. The lctkc front boundary Gf the 12asaa premises shall be to the water 1 ine as the same may ex is t from time to eime wi th changes in the water level of the lake, The boundary line of the leased prem- ises abutting the Lessor's common roads shall be as reasonably determined by the Lessor, 8, Peaceful Possession: As long as Lessee conforms with the requirements binding u~o~ him in this Lease Agreement, the Lessee shall enjoy peaceful possession of the leased premises. 9, Improvements: The Lessee shall keep the leased premises in a neat and,cl~~<;\::' condition at all times and shall keep all ill1pI'ovements;on;;tilt~':" leased ~rernises cn a good condition of repair. 10. Abandonment: The Lessee agrees not to abandon the leased premises" ii. Ac~~~ss for Installing Utility Lines: ~ fne Lt?;SSl.Jf reserves t.he rlght to come upon the leased pTem1ails ior installation of underground or above-ground utility lines., " and the making of ne'pssary repairs or irr.provements to 01"'. '..' abutt,lag the leased premises. The Lessor agrees to restore;~Ii~',<, premises to substancially the same condition as they wer.e befo1',e:; any such lnstallatlon and at the Lessor's expense. 12. Rules and ReKulations: , _ __',~ The Lessee agrees to comply with the rules and regula;tio~.'~~\ prepared and furnished by the Lessor to the 1Assee..frOIl!';'t:;~; to tltlH~. Such rules and regulations shall contain re.ll'J;;1;;i!~ and limitations, for the mutual benefit of all Le$se~s ste:- Lake, pertaining to the use by the several Lessee Her Lake of the lake itself, common roads, and th~ Ie ises, 1 t is understood that the basic use of the leu sha 11 be for reindentla 1 purposes, but the Le..so,1: llIa'Y from time to time, commercial activities on the leased Any such rules, rellulations and permits are subiectto by'the Lessor, .excepting that the basic purpose-of th.e 1 premises as residential shall not be abridged. Anyc:han, ttle rules and regulations must be approved by a maj,:O-ri leaseholders present and voting at a meeting cal1adror' Ii purpose of which written notice hu been given to all leltIUl""''' holders (one vote per tease). l 13. Termination of Lease b Default ot Lessee: If the Lessee talls, atter ninety 9 days prior written notice from the Lessor, to remedy any default in his or her compliance \>Inh any oi the Obligations binding upon him or her under this Lease Agreement, or under the Rules and Regulations furnished him or her by the Lessor, the Lessor may, at its option, term- ~nate chis l.ease and retake possession of the leased premises but only alter the following procedure nas been complied with: (a) A specitil meeting ot all stockholders of Lessor shall be called by the Board of Directors of Lessor, and written notice of such meeting and its purposes be given all such stockholders, Such meeting shall ~e called for the purpose oi determining by maJor- l.ty vote of the stockhOlders of Lessor, present and voting t ~lS to whether or not termination of L.essee I S i,.ease should be made becaubc, ,)t a default by the L.essee. At l~ast 10 days written notic(~ shall be ~iven of any such meeting) and tht: L.essee shall be givel! iull upportunity to show why his or her Lease should not be terminated.