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<br /> THIS AaREEMENT entered into between RUESTER LAKL, INC.,
<br /> �, n LESSOR, and TIM C. PLATE, a sinqle man, as sole owner, LESSEL.
<br /> ��_�
<br /> �;���x-�;��;' l. Desarintion of Leased Premises: Lots Sevea (7) and Eight !8)
<br /> - - , W°`�"""� on the East side of tbe East portion of Kuesters Lake, situated
<br /> .j_'•%�p�:
<br /> ��,;. ,._ . on a part of the East Half of the 3outhweat Quarter (E�SW ) of
<br /> `�'��-�'''` � Seation Thirteen (13) , Township Eleven (11) North, Range Nine
<br /> �,�;,;s�;� (9), in Hall County, Nebraska, having a lake front footage of
<br />�e.�.;%�, .r}�'������' eighty (80) feet and bounded on the Northeasterly side by th�
<br /> �����"^.";_-. aonunon road= as sho�tr� on a plat in th� possession of Leseor,
<br /> �'�`����„y':�s. �omraonly known ae 33 Kuester Lake Roa .
<br />_ _-_ � �� :{^,.. . ,.. ;� 2. Term of Lease s , �-
<br /> �;:.�'.':��`:� - 35 years, commenaiaq July l, 1992, and terminatinq June 30, Ew-�°
<br /> .= —''� 2027. --
<br /> �:�;�� � �. _-
<br /> �, " ���� 3. Ontioa to Extend Terms —
<br /> —������-�•�� � Lessee has the o tion to extend the term of this Lease for an
<br /> ----„—=-v:. p �--�-
<br /> ---:�� .. �y��Y� additional 35 years by qivinq Lassor notice thereof, in writing, ___
<br /> ==—��,, ;. . by January 1, 2027.
<br /> �- � ,4 K:
<br /> ��� '� ����'' "` 4. RiQht to Assignment of Lease: �-
<br /> -_'.�.:°�i�1�': � Lessee has the riqht to assign this Lease provided:
<br /> - �•��-- (a) Lessee has complied with all terms of this -
<br /> �, .
<br /> ���. � . ' Lease. ---
<br /> - �� . � (b) Lessee transfexs to the new owner all
<br /> � interest and ownership of the Lessee i.n the �
<br /> :`�� � "� � "' common stock of Kuester Lake, Inc. �
<br /> - �.L�. .; (a) The new Lessee agrees, in writing, to ab i de
<br /> • -,,� � by the terms of the Lease so assigned, any
<br />� - ° new Lease of these premises, and to abide by
<br /> -� *�� � the Agreement entered into by this Lessee's
<br /> . ,�:,:
<br /> � . ', predeaessors in title with Kuester Lake, Inc.
<br /> �-�.. „ ;� .. on or about November 4, 1974, the terms of
<br /> . � which are incorporated herein by reference. --
<br />-;X= . � (d) The new Lessee shall be entitled to a new �
<br />�k' . �..�.�.�, - yJ"�p�' ° Lease for a 3S-year term. The term may be --
<br />_` � ri�:=• �- - lonqer if consented to by the Lessor. �`::�.
<br /> ��" � � (e) Any subleasinq must have the Lessor's
<br /> ,.y ' 'y•'
<br /> ; .�} $PProval.
<br /> �.�„ ,. (f) The Lessee has the absolute right to --
<br /> �� conditionally assign this Lease to any
<br /> �•�"� • mortgagee for the purpcse of furnishing suah
<br />--- ' " �� mortqaqee additional security.
<br /> � �
<br />-.'..5� �� ** � 5. Rent. !-'
<br /> . �, � �° , The Lessee shall pay to Lessor, as annual rent, payable in
<br /> �r . advance and on or before July first each year, such rent as may
<br /> �� . + « be annually determined by the Lessor under the following forrnulas ___
<br /> � ° The annual rent shall be an amount, each :.-_;_
<br /> .�,, year, equal to the result of dividinq the --=-
<br /> =. total number of residential lessee- 1�"
<br /> - � �� . stockholder lots into that year's anticipated
<br /> net budqet needs of the Lessor. �
<br /> " �. � The computation of the annual rent shall be done by the Lessor, �
<br /> . �. � � . but shall be uniform among all lessee-stockholders of Kuester
<br /> Lake, Inc. In any event the annual rent of the Lessee shall not �
<br /> - .- exceed One Hundred Dollars (�loo.ou) unless a majoricy vi sii F-
<br /> " • lessee-stockholders of Kuester Lake, Inc. (one vote for each !
<br /> " •� share) , present and voting at a special meeting called for that
<br /> � purpose, shall approve the same.
<br /> � � ., 6. Access.
<br /> � • The Lessee shall have access from the leased premises onto the �
<br /> ' Lessor's roads and shal.l also have the right to use the lake far
<br /> � � ' boating, swimminq, and fishing. These access r3.ghts are in �
<br /> � common with the other leaseholders at Kuester Lake. �
<br /> � -°;�-�� I
<br /> , � :
<br /> f . �.
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