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����o��o� <br />to show why his or her Lease should not be terminated. <br />(b) If a majority of the stockhofders of Lessor, present and voting at <br />such meeting, determines that Lessees are in default under this <br />Lease and that the same should be terminated, the Lessees shall <br />have one hundred twenty (120) days within which to remove his or <br />her improvements on said premises; and, if he or she fails to <br />remove the same within such 120 days, the Lessor and the <br />Lessees shall join in a public auction of the improvements <br />remaining upon said leased premises, and the net proceeds from <br />any such sale shall be applied as follows: <br />FIRST in the payment of any unpaid rents or other amounts owing <br />by Lessees to Lessor; <br />SECOND any remaining proceeds, subject to the rights of mortgagees, shall be <br />paid to the Lessees. The Lessor agrees to give a new Lease to a suitable <br />purchaser at such public auction. <br />THIS LEASE AGREEMENT shall bind the Lessor and the Lessee and his personal <br />representatives, successors, devisees, legatees, heirs-at-law, and assigns. <br />KUESTE LAKE, INC. <br />,. <br />By ./�' .._ <br />Eric R. Christenson, Its President <br />i F��nR <br />STATE OF NEBRASKA <br />) <br />) ss. <br />) <br />LESSEES <br />COUNTY OF HALL <br />The foregoing instrument was acknowledged before me this 16 day of March, 2011, <br />by Eric R. Christenson, president of Kuester Lake, Inc., a Nebraska corporation, on behalf of the <br />corporation. <br />.�«�, t,�, �'7� . L.i �.�� <br />Notary Public <br />STATE O F N E B RAS KA ) �ENERAL NQT AR�Y - St�ate ot Nebraska <br />� SARAH M. WILES <br />) SS. MyComm. E�.,Ame 19, 2011 <br />COUNTY OF HALL ) <br />The foregoing instrument was acknowledged before me this ��, l day of March, 2011, by <br />Raymond and Susan Aguilar, Lessees. <br />GENERAL NOTr",RY - S+�t� of Nebraska —��_ 1,.. �' �^'� ���„�r� <br />� te <br />SARAH M. �"�IILFS ZG�' � <br />�`�� MyComm.Exp.June19.20�1 Notary Public <br />STATE OF NEBRASKA <br />COUNTY OF HALL <br />) <br />) ss. <br />) <br />The foregoing instrument was acknowledged before me this �_ day of March, 2011, by <br />William Lawrence, Lessee. <br />_,�a..a-, � L�.�.t:� <br />Notary Public <br />GENERAL NOTARY - State af Nebraska <br />F SARAH M. W1LES <br />Nty Comm. Exp. June 19, 20t1 <br />%� '�L �-�.�.�.�---_-. <br />William Lawrence <br />