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<br /> > <br /> c <br /> ;; <br /> -".. <br /> ....-- <br />N i;! <br />G C) <br />Gl rn <br />00 ..... <br />....... =t <br />Gl <br />....... r- <br />OO m <br />....... <..f) <br /> /'T'l <br /> ~ <br /> ~:: <br /> n <br /> l"'f1 <br /> (#") <br /> <br /> <br />10 <br />m <br />~ <br />n Z <br />:znC <br />~l;;!{J <br />"X <br /> <br />~~ <br />~~ <br />~ <br /> <br /> <br />~ <br /> <br /> ,-..." ~ <br /> <:::;::> (") u: <br /> <=> C) <br /> 'l <::C> 0-1 m <br /> c)> :0 <br />:rl ~~ 0 2:-1 r'0 <br />I'""T1 ~ !'Tl m <br />I"'l{, C":;l CJ 0 <br />~~"-- -<0 6; <br />............. 0'1 C) <br />-.,.., 0') ""T1Z Z <br /> f CO <br />~:) ::r: P'I i1 <br />r-n -0 )> [() ............. <br />Pl 3 ' :::u <br />a ,)> c:::> c: <br />UJ (J) s:: <br /> r'0 ;::0:: ............. m <br /> l> CO ~ <br /> .....:= .................. <br /> N (J) ...... :z <br /> (J) 0 <br /> <br /> <br />~ <br /> <br />LEASE AGREEMENT <br /> <br />Dated: December -11-,2008 <br /> <br />THIS AGREEMENT entered into between KUESTER LAKE, INC., LESSOR, and <br />MARY ANN CHMELKA, single, LESSEE. <br /> <br />1. Descriotion of Leased Premises: <br /> <br />~~ <br /> <br />('b <br /> <br />Lot Five (5) Kuester Lake in the East Half of the Southwest Quarter <br />(E1/2SW1/4) of Section Thirteen (13), in Township Eleven (11) North, <br />Range Nine (9), West of the 6th P.M., in Hall County, Nebraska, situated on <br />the West side of Westerly portion of said lake having a lakefront footage of <br />Fifty (50) feet and bounded on the Northerly side by the common road <br /> <br />such lots are as shown on a plat in possession of Lessor. <br /> <br />2. Term of Lease: Thirty-five (35) years, commencing December 15, 2008 and <br />terminating December 14, 2043. <br /> <br />3. Cotion to Extend Term: Lessee has the option to extend the term of this <br />Lease for an additional 35 years by giving Lessor notice thereof, in writing, by September <br />14,2043. <br /> <br />4. Riaht to Assianment of Lease: Lessee has the right to assign this Lease <br />provided: <br /> <br />(a) Lessee has complied with all terms of this Lease. <br />(b) Lessee transfers to the new owner all interest and ownership <br />of the Lessee in the common stock of Kuester Lake, Inc. <br />(c) The new Lessee agrees, in writing, to abide by the terms of <br />the Lease so assigned, any new Lease of these premises, <br />and to abide by the Agreement entered into by this Lessee's <br />predecessors in title with Kuester Lake, Inc. on or about <br />November 4, 1974, the terms of which are incorporated <br />herein by reference. <br />(d) The new Lessee shall be entitled to a new Lease for a 35- <br />year term. The term may be longer if consented to by the <br />Lessor. <br />(e) Any subleasing must have the Lessor's approval. <br />(f) The Lessee has the absolute right to conditionally assign this <br />Lease to any mortgagee for the purpose of furnishing such <br />mortgagee additional security. <br /> <br />5. Rent. The Lessee shall pay to Lessor, as annual rent, payable in advance and <br />on or before July first each year, such rent as may be annually determined by the Lessor <br />under the following formula: <br /> <br />The annual rent shall be an amount, each year, equal to the <br />result of dividing the total number of residential lessee- <br />stockholder lots into that year's anticipated net budget needs <br />of the Lessor. <br /> <br />The computation of the annual rent shall be done by the Lessor, but shall be uniform <br />among all lessee-stockholders of Kuester Lake, Inc. In any event the annual rent of the <br />