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<br /> <br />200809626 <br /> <br />l..eS$or may, at its option, terminate this Lease and retake possession of the leased <br />premises but only after the following procedure has been complied with: <br /> <br />(a) A special meE;tting of all stockholders of Lessor shall be called <br />by the Board of Oirectors of Lessor, and written notice of such <br />meeting and its purposes be given all such stockholders. <br />Such meeting shall be called for the purpose of determining <br />by majority vote of the stockholders of Lessor, present and <br />voting, as to whether or not termination of Lessee's Lease <br />should be made because of a default by the Lessee. At least <br />ten (1 0) days written notice shall be given of any such <br />meeting, and the Lessee shall be given full opportunity to <br />show why his or her Lease should not be terminated. <br /> <br />(b) If a majority of the stockholders of Lessor, present and voting <br />at such meeting, determines that Lessee Is In default under <br />her Lease and. that the same should. betermlnated,the <br />Lessee shall have one hl.mclredtwenty(120) days within <br />which to remove his or her Improvements on said premises; <br />and, if he or,she fa Us to remove the$arne within such 120 <br />days, the Lessor and the Lessee shaUjoinin a publiC auction <br />of the improvements remaining upon said leased premises, <br />and the net proceeds from any such sale shall be applied as <br />follows: <br /> <br />FIRST in the payment of any unpaid rents or other amounts owing <br />by Lessee to Lessor; <br /> <br />'" <br /> <br />SECOND any remaining Itlroceeds, subject to the rights of <br />mortgagees, shall be paid to the :Lessee. The Lessor agrees to give a new <br />Lease to a suitable purchaser at such 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, and assigns. <br /> <br />KUESTER LAKE, INC. <br /> <br />By () ~ ./J~ <br />Carol Boltz, Its P .. dent <br /> <br />LESSOR <br /> <br /> <br />MARl <br /> <br />LESSEE <br /> <br />STATE OF NEBRASKA ) <br />) S8. <br />COUNTY OF HALL ) <br /> <br />The foregoing instrument was a~knowledged before me this ~~ day of <br />November, 2008, by Carol Boltz, Presi4e Lake, Inc., a Nebraska corporation, <br />on behalf of the corporation. <br /> <br />i:\~~1i~~:',"~,,;:..:::i1i.:~~"'::" <br />I" J:... m~lIAl llOlAIW-State of Ntiliraska <br />. I~ CHARL.ES R. WINKLER <br />.,~ My Cnmm, Exp, O(.l~. ~ I <br /> <br />