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� _.. '�,»„ ° . � ______—=--_-_ _ -- __�;�r�-. . . - ----- ...m� - - _ . . __..._ ___._s..i�ir6a...�r��- -- ' - --_-- -� . � �t � � i' ` C f� t: I'! n �� f« � � G� •�\� C77 t' -f �A � _ . Y �. � •c � x 1•` ..r� - -' ls-► e� f ri cn ` � � �. r�i •� r� � -�-s - � x Y� ` ♦ � � � � - �-. �+r. . . .� � � . . (�] ••� . � sA — �` �. . . . .. '�' . `-� ° - , �,• t � r� . o � - .... - p"4 • ` .. ..� :t � e'�+ _ r,,,, �� _ � `i�.J. � �� —. ` ^2 �� •� ` N r _ f1'! __ CD - O THIS �GABII�NT entered inta between KUESTBR LAK�, INC., � LBSSOR, and JQBY A. DBTWFiLF3R, single, LFSSET. � 1. Desrr��*a�n of Leased Premises: Lot Seventeen (17) , having a lake front �oe��aFa of 110 feet situated on the West s3.de vf the 5ast ��t ion of Kueater Lake and being on a parC of the �ast Ha1.f of the Southwest Quarter (B�yS.Sw3i) in Section Thirteen (13) , Township Fleven (il) North, Range Nine (9) Weet of the 6th P.M., Hall County, Nebraska, CO1�Il�90NLY KNOWN AS 55A Kuester Lake Road, Grand Ieland. N� 68801 such lot is as shown on a plat in possessiori o€ Lessor. 2, �,nrt of L ase: Thirty-five (3�) years, coaaaencing Febr�.ary i, 1996, and terminating January 3b, 2031. �, Qpr_iQ to tend T�rnn: Lessee has the optic►r �:�a ex't�rr.� the tezm of thia Lease for an adc�itional 35 yea�s b� g�`riag �essor . notice thereof, in writiag, by July i, 2030. a piRht r� aaaianment af r�eass� Lessee has the righ�t to aesign�this Leaee providerl: (a) Lessee has ce�aplied with all te�ca.s of this . Lease. (b) Lessee transfers to the new owner ail interest and owners�ip of the Lessee in the co�� stock of Ruester I,ake, Inc. (c) The ne� Lessee agrees, in writing, to abicle by the terms of the Tuease so assig��d, any� ae� Lease of these pren►ises, and to abide b�r tt�e Agreement entered into by thia Les�ee's predeces�ors in title with Kuester Lake, yn�. on or about Nov�ber 4, 1974, the tercns of which are incorporated herein by reference. (d) The new LesEee ahall be entitled to a new - I,ease far a 35-year term. The term may be longer if consented to by the Lessor. (e) Any subleasing nwat have the Lessor•s approval. (f) The Lessee has the absolute right to conditiona2ly aasign this Lease to az�y martgagee for the purpose of furnishing such mortgagee additional security. 5. RenG- The Lessee shall pay to Lessor, as annual rent, pa,yable in advance and on or before July first each year, such rent as may be anuually determined by the Lessor under the following fr�rmula: = The anuual rent shall be an aaaount, each year, - equal to the resuS.t of dividing the total = number of residential lessee-stockhnlder lots = into that year�s anticipated net budget needs ° of the Lesaor. � ��