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-3- ('b) If a majority of the stock o~ Lessor, present and voting at such meeting, deter.;~ines that Lessee is in default under his lease and that the same 'should be terminated, the Lessee shall have one hundred twenty (120) days within which to remove 'ris or her improvements on said premises and, if he or she fails to remove the same within such i20 days, tl-.a Lessor and the Lessee shall join in a public auction of the improvements remaining upon the teased pr a-ctises and the net proceeds from any such sale shall be applied as follows: FIRST in the payment of any unpaid rents or othyr amounts owing by Lessee to Lessor; SBCONA any remaining proceeds, subject to the rights of ,~~ortgagees, shall be paid tC t:,e Lessee. The Lessor agrees to give a new ' lease to a suitably purchaser at such public auction. Tills LEASE AG.REE;v.ENT s;7a11 bind the Lessor and t're Lessee and their personal representatives, .successors, devisees, legatees,, heix's-at-law and assigns. K'Jr^.STER :.A:CE, ii~iC. ,~.' ~,_ Hy ~' ~~- • Its P~~sl e"~.C _ ti ~'. 'r"t ~ R `-~"f~ f t e ,E. ~ _ ~f ra ~ 1 _ LGSSY STATE Or NEi3RASKA ) ss. COUNTY OF TiALL ) 17 September 4 On this ,day o£ i97_, before me, a Notary Public within. and for said county, personally came Lessee, 'known, to me and known to me to ba the identical person (s) whose name is affixed to the foregoing as Lessee, and acknowledged their execution thereof to b® their voluntary act and dean for the ~urpo,~es therein sat forth. :_c'~ '- t~itress my hand ar.~.~ . ;:.<,rial,.+~~a tt~a,~ata last above written. $' ~+7otarial Cpi~~~,On icl]C~ ;~.~ e38 : - ~ .. ~ .. •Nota u is f~ _,._ OIIOILIII~t=lhbe t~MM1 MR{M~1 ~. AAA'(~1 ~r