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<br /> THIg AagEEMENT entered into be�wee►n KUESTER LAKE, iNC., �"��
<br /> � LEgSOR, dnd d�RALD PERSINaER arid BARH?1RA A. PERSINaER, hueb�nd -�
<br /> - � r-� and wife as joint tenants, whether one or more, LESSEF. _"''
<br /> , �.
<br /> * -d� 1. Des ri tion o� Leased Premisess Lot Nine (9) and the �` r.
<br /> �';.'� �y'��.� Sout erly Half of Lot Eiqht l8), s tuated on the West sida o� the
<br /> �
<br /> �� ';u West rtion of Ruester Lake, located on the East Half of the �--
<br /> .. � ,a` Po =�.
<br />� � ° Southwest Quarter (E}SW}) of Section Thirteen (13), Townahi.p ���
<br /> '�`�•' � Eleven ill) North, Range Nine (93 , West of the 6th P.M. , H�11 �.w�
<br /> *:,9r�"-o.� a —
<br />,�a : .ir�•Yt.� _'..
<br /> +'-wf
<br />�}� � . ;,�, . County, Nebraska, havinq a lake front footage of Seventy-F ve —
<br /> _ .�;� .. ..` � (75) Feet and bounded on the Northwesterly side by the cammQn 2
<br />'�. ' �`���`��' �, road, suah lot is as shown on a plat in possession of Lessar. �
<br />�;�—y�;�, .` ,
<br /> i � ���;. .r —
<br /> .��' `• ' ' -tii: 2. Term of Lease: ---
<br /> ��.,.. ,.'i
<br /> ' , � 35 years, commenaing February l, 1992, and terminatinQ —
<br />""' � ,�� January 31, 2027. -
<br />�� ��' O tion to Extend Term: _
<br /> ,rr 3� � _.
<br />�1=�-�- •"� Lessee has the option to extend the term of this Lea�e for an ��.:.:
<br />��''�`'�: ��• additional 35 years by givin� Lessor notice thereof� in writinq,
<br />:�' �M°,.r, � by Auqust l� 2026. —
<br /> .a. • cii e
<br /> :� �,.,..!If. �.
<br /> � � . ';s"��tf�. 4. Ri9ht to Assianment of Lease:
<br /> ; �,°� Lessee has the right to assign this Lease provided: �'
<br /> � ''• ;�:.� ° ` �(a) Lessee has compli.ed with all terms of this =
<br /> ;--_hf . ,�., . Lease. _-_
<br /> �� � •++ �� (b) Lessee transfeis i:o i.ha new own�r a13
<br /> `. . L r n%.•r',A;'�:.4._ ... �,
<br /> , 7, -. c.,.;�,;.•,,;,.�„ interest and ownership of the Lessee in the
<br /> �i'!` �1+1��.. common stock of Kuester Lake, Inc.
<br /> ' � , ."��(����u;�ss�._.
<br /> • ` t t wr<. f. ::
<br /> ,.�; ,,�.'��;,,;�.; ,: (c) The new Lessee agrees, in writing, to abide �
<br /> ,� '.��. °.�';�j;,1:,r;�� by the terms of tihe Lease so assigned, any
<br /> ,� '''`• t'± • new Lease of these premises, and to abide by
<br /> .�� "'.•.'•r., -_ -
<br /> ' x �`�:.;�;�,�,, the Agreement entered into by this Lessee's -
<br /> ��
<br /> ;; : ��;,.w;. � . predecessors in title with Kuester Lake, Ina.
<br /> �k_..��..•� on or about November 4, 1974, the terms of --.
<br /> . " --°Y� .;' which are incorporated herein by reference.
<br /> • (d) The new Lessee shall be entitled to a new -°=•-
<br /> � :� ., � Lease for a 35-year term. The term may be �==�
<br /> ����
<br /> � �.�. � lonqer if consented to by the Lessor. �_
<br /> �i. • _,.-
<br /> . :; (e) Any subleasing must have the Lessor's
<br /> �,`:; approval. ---
<br />'�, ;' : �'��� ' (f) The Lessee has the absolute riqht to _-
<br /> �{�7 .i•:.,'...V..�. .
<br />} !; •.;.,..,: , conditionally assign this Lease to any 6-_
<br /> -. ;i �- ,_;,4t!'��!�, , mortgagee for the purpose of furnishing such =_�-
<br /> � mortgagee additional security. c
<br /> . 1�� �� � � -_
<br /> , :, , �' .. 5. Rent.
<br /> •�' W.� ,j+�'���� The Lessee sha11 pay to Lessor, as annual rent, payable in
<br />� ��� � �'�'�' advance and on or before July first each year, such rent as may E
<br /> ;;� . � be annually determined by the Lessor under the followinq formula:
<br /> ' The annual rent shall be an amount, each �
<br /> • year, equal to the result of dividing the
<br /> "' total number of residential lessee-
<br /> �:r
<br /> � ' �`����'•" stockholder lots into that year's anticipated ►
<br /> '�'��"�� net budget needs of the Lessor. �
<br /> . The computation of the annual rent shall be done by the Lessor,
<br /> ' ° but shall be uniform among all lessee-stockholders of Kuester �
<br /> Lake, Inc. In any event the annual rent of the Lessee shall not ;
<br /> exceed One Hundred Dollars ($100.00) unless a majority of all
<br /> lessee-stockholders of Kuester Lake, inc. (one vote for each
<br /> . �� _� �s_ �� ..iel ..�i.. n7lwA Fnr *Aa� .
<br /> _" , - $nare� . PreseFii. Q1lLL VV61uy a�. a .�i�Nc�.ao�. u���.�.r��y .......r..r �.... ......�
<br /> ' purpose, shall approve the same.
<br /> � 6. Access.
<br /> The Lessee shall have access from the leased premises onto the
<br /> �� Lessor's roads and shall also have the riqht to use the lake for
<br /> boatinq, swimming, and fishing. These access rights are in
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