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d <br />~~ <br />(b) If a majority of the stock of Lessor, present <br />and voting at such meeting, determines that Lessee <br />is in default under his lease a.-~d that the sa."ne <br />, should be terminated, the Lessee shall have one <br />hundred twenty (120} days within which to remove <br />his or her improvements on said premises and, if he <br />or she fails to remove the same within such 120 <br />days, the Lessor and the Lessee shall join in a <br />public auction of the improvements remaining upon <br />the leased premises and the net proceeds from any <br />such sale shall be applied as follows: <br />FIRST in the payment of any unpaid rents or other <br />amounts owing by Lessee to Lessor; <br />SECOND any remaining proceeds, subject to the <br />rights of mortgagees, shall bo paid to the <br />Lessee. The Lessor agrees to give a new <br />" lease to a suitable porches®r at such public <br />:. auction. <br />THIS LEASE AGREEMENT shall bind the Lessor and the Lessee ancl,^- <br />:.:.air personal r®presentatives, successors, devisees, legates, ~ ~~F". <br />heirs-at-law and assigns. ...° - - -- <br />., ~ ,.- <br />~~~:- , ~- <br />KUESTER LAKE, INC, ,~- .~~,: ~ -' ~ ~ ~° <br />... '~`~ - <br />By `.._ ~ <br />r <br />~s rid <br />LESSOR <br /> <br />~___ <br />~ -~. <br />4 :~~_, ~~-~_ f <br />_~, ~• ,,. <br />L~~ <br />STATE OF NEBRASKA } <br />ss. <br />eavNTSr o~ HALL <br />On this ~~ day of ~ 197 ~ before me, a Notary <br />Fublic wi~ghin and far said. co y, personally came <br />Lessee, known to me and n;own to me to be the identical person (s) <br />whose name 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 s 1 t ate 1as`W abOY~1 written. <br />Ntsta~'ial c:ommisr~ion expires: ~ ~~,~ <br />... .. ;1. <br />.' ~ .Notary Pub i <br />MdlMts~d''01A~~~w <br />G NM1Mw1 • :. <br />4r~wr.4r.~.ii+NS . ,. . <br />