202606084 - Laserfiche WebLink

Browse

i780909Z0Z Return to: Zachary Butz 308 N. Locust St. Ste 501 Grand Island, NE 68801 Dated: CASH CHECK REFU CASH !A : t" U'i C 3 U flTh LEASE AGREEMENT , 2026. ,DED NE 3: 09 CF DEEDS 2OO • THIS AGREEMENT entered into between KUESTER LAKE, INC., LESSOR, and Trinity Christian Aguilar, a single person, LESSEE. 1. Description of Leased Premises: Lot 19, having a lake front footage of 75 feet, situated on the West side of the East Portion of Kuester Lake, and being on a part of the East 1/2 of the Southwest Quarter in Section 13, Township 11 North, Range 9 West of the 6th P.M., Hall County Nebraska, Bounded on the Westerly Side by the Common Road 2. Term of Lease: Ninety-nine (99) years, commencing , $ p'F'c" b•'/ /sr ,,,N) a 2026, and terminating rjt �-f c,.,.,.v3c✓ I .c , 2125. 3. Reserved 4. Right to Assignment of Lease: Lessee has the right to assign this Lease provided: (a) Lessee has complied with all terms of this Lease. (b) Lessee transfers to the new owner all interest and ownership of the Lessee in the common stock of Kuester Lake, Inc. (c) The new Lessees agree, in writing, to abide by the terms of the Lease so assigned, any new Lease of these premises, and to abide by the Agreement entered into by this Lesse's' predecessors in title with Kuester Lake, Inc. on or about September 12, 2018, and recorded with the Hall County Register of Deeds on or about September 14, 2018, the terms of which are incorporated herein by reference. (d) The new Lessees shall be entitled to a new Lease for a 99-year term. The term may be longer if consented to by the Lessor. (e) Any subleasing must have the Lessor's approval. (f) The Lessee has the absolute right to conditionally assign this Lease to any mortgagee for the purpose of furnishing such mortgagee additional security. 5. Rent. The Lessee shall pay to Lessor, as annual rent, payable in advance and on or before July first each year, such rent as may be annually determined by the Lessor under the following formula: The annual rent shall be an amount, each year, equal to the result of dividing the total number of residential lessee -stockholder lots into that year's anticipated net budget needs of the Lessor. The computation of the annual rent shall be done by the Lessor, but shall be uniform among all lessee - stockholders of Kuester Lake, Inc. In any event the annual rent of the Lessee shall not exceed Four Hundred 1