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• ~ 7sr ~E,3332 <br />-3- <br />('b) If a majority of the stock of Lessor, present <br />and voting au such meeting, determines that Lessee <br />is in default under his lease and that the same <br />should be terminated, the Lessee s'rall have ore <br />hundred twenty (120) days within tianich to ra~nove <br />his or her improvements on said premises and, if he <br />or she fails to remove the same wit'rin such 120 <br />days, the Lessor and the Lessee shall joi.^^. in a <br />public auction of the improvements remaining upon <br />the leased premises ar_d the net proceeds from ayy <br />such sale shall be applied as follows: <br />FIRST ir. the payment of any unpaid rents or other <br />a,;.ourts owing by Lessee to Lessor; <br />SECOND any remaining proceeds, subject to the <br />rights of mortgagees, s"ra11 be paid to the <br />Lessee. Tine Lessor agrees to give a new <br />lease to a suitable pure"raser at suciy public <br />auction. <br />T IS L ASr. AGiZE::i~~'T shall bird the Lessor and the Lessee a.~d <br />their personal representatives, successors, devisees, legatees, <br />heirs-at-law and assirns. <br /> .,:,•~ ,,., ,,,k <br /> 4~ <br /> r `, 9T ~. <br /> c. <br /> _ 'il.a <br /> _ ,l, ,, <br />KU~STER LAKE., I,'QC. <br />X <br />Its Prgsld~n~ <br />LESSOR <br /> <br />// ~~ f/ <br />,'..~. <br />.. LESS E <br />STATE OF NEBRASKA ) <br />ss. <br />COUNTY OF HALL ) <br />On this y~~' day of May 197 79, before me, a Notary <br />Public within and for said co-snty, ppersonally cane <br />Charles E. Gallagher and. Jean M. Gallagher, as joint tenants <br />Lessee, known to me and known to me to be the identical person Es) <br />irhose na.~ne is affixed to the foregoing as Lessee, and acknowledged <br />their execution thereof to be their voluntary act and deed for the <br />purposes therein set forth. <br />_~ - Witness my hand-and notarial,~~sse~1 the date last above written. <br />My idota~ial Gomav.ssiori eupires: F ~ ~ { ~ ~,U <br />..Notal-y Public <br />XRT!!{NI G MA"~l <br />~hrtlr~~$r1~64,tO0 <br /> <br />~, <br />e <br />