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80--~(i7454 <br />-3- <br />(b) If a majority of the stock of Lessor, present <br />and voting at suc''i meeting, dezerzines that Lessee <br />is in default under 1-,is lease and that the same <br />should be terminated, the Lessee shall have one <br />hundred twenty (1207 days within ~rnich to remove <br />his or her improvements on said premises and, if he <br />or she fails to remove the sa-re within such l2G <br />days, the Lessor and the lessee shall join in a <br />public auction of tre improvements ra~.aini7g upon <br />the leased premises and the ret 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 be paid to the. <br />Lessee.. The Lessor agrees to give a new <br />' lease to a suitable purchaser at such public <br />auction. <br />T:32S LEASE AGREENW'NT shall bind the Lessor a.^.fi time ~.essee and <br />their personal representatives.~successors, devisees, legatees, <br />lie3.rs-at-law and assigns. <br />iCur,ST~ LAXc„ .'"~iiC. <br />By n~~;~~~~ i <br />s ~ es~dent <br />~_ <br />Lc.SSOR <br />~ ~~ ' , <br />~~ <br />:,GSSEE <br />STATE OF NEBRASKA <br />ss. <br />COUNTY OF HALL ) <br />®n this day of ~[~ /,/197 ~ before me, a Notary <br />Public within and for said county, personally came <br />William D. Grange and Mary C. Grange <br />Lessee, known to me and known to me to be ti:e identical person is) <br />whose name is affixed to the foregoing as Lessee, and ac'Knowledged <br />their execution thereof to be their voluntary act ar:d deed for the <br />purposes therein set forth. <br />Witness my hand and notarial seal the date last above written. <br />My Notarial Commission expiresc. <br />f.' ~ <br />.,,z~ <br />..., ~ . <br />Ap* 19, 1 80~ ~ No PubY ~ c <br />