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20090795'7 <br />(b) If a majority of the stockholders of Lessor, present and voting at <br />such meeting, determines that Lessees are in default under their <br />Lease and that the same should be terminated, the Lessees shall <br />have one hundred twenty (120) days within which to remove his or <br />her improvements on said premises; and, if he or she fails to <br />remove the same within such 120 days, the Lessor and the <br />Lessees shall join in a public auction of the improvements <br />remaining upon said leased premises, and the net proceeds from <br />any such sale shall be applied as follows: <br />FIRST in the payment of any unpaid rents or other amounts owing by <br />Lessees to Lessor; <br />SECOND any remaining proceeds, subject to the rights of mortgagees, <br />shall be paid to the Lessees. The Lessor agrees to give a new Lease to a <br />suitable purchaser at such public auction. <br />THIS LEASE AGREEMENT shall bind the Lessor and the Lessees and their personal <br />representatives, successors, devisees, legatees, heirs-at-law, and assigns. <br />KUESTER LAKE, INC. <br />~ r <br />By . , <br />W.P. (Bud) Jeffries s esident <br />LESSOR <br />STATE OF NEBRASKA ) <br />ss. <br />COUNTY OF HALL ) <br />ENNETH W. PATRICK <br />~. d <br />N C. PATRICK <br />LESSEES <br />The foregoing instrument was acknowledged before me this c~3 day of September, <br />2009, by W.P. (Bud) Jeffries, President of Kuester Lake, Inc., a Nebraska corporation, on <br />behalf of the corporation. <br />~ ~ ~"ou o <br />My Canrn. Eq1. March 2, 2013 <br />STATE OF NEBRASKA ) <br />ss. <br />COUNTY OF HALL ) <br />Nota Public <br />/ C.ti-~~r` <br />The foregoing instrument was acknowledged before me this ____L___ day of Suer, <br />2009, by Kenneth W. Patrick and Joan C. Patrick, husband and wife, Lessees. <br />BEt~iAt. NOTARIt• ~e of Nebraska <br />Eu7J18E'rW A QAIiDUNO <br />My Lamm. F.ap. Muds 2,2019 <br />ota ublic <br />