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ASLS 76-63 TR A ONION BAY - Property Cardj JJQL�� i/e-1 Owner - -- � .t" Mailing Address L(--)011-' 4/ 4•P71e Lh I G.%— ,0-4 9 9 Lao '• Permits Observed Physical Condition Property Address Date Built Exterior Interior Foundation BUILDING TYPE AND USE 4. EXTERIOR 6. INTERIOR (Continued) 7. Floors (Continued) Single - Double — Other _# Stories _Attic Finish �O _Basement ^Frame _Concrete _Block — Log 1. FOUNDATION C- oncrete Thick — Conc. Block .Wood Posts Skids Wood Sills Concrete Block Sheathing Kind - Building Paper - Insulation . Kind — Stucco S- iding Kind —Shakes shakes —Bricktex ____._Log Slab _Log Siding _Metal — Plywood Trim Grade TP A Kind G Floor Basement lit Floor 2nd Floor 3rd Floor Attic Total # Number Rooms Number Baths FINISH Wood Concrete Bath Living Room Bed Room 8. HEAT 5. ROOF 1 2. BASEMENT Partial _x— 5 F. _Full C- ribbed C- oncrete Outside Entrance —Rec. Room Size Living Area Size _Fin Walt, Kind — Fin Floor Kind _Fin Ceiling Kind _Flat Gable _____Hip _Other Kind Shingle - Shakes i Composition # _Shingle _Insulation Kind __Tar Paper Metal - Built -up Other S Kind 6. INTERIOR 3. FRAME Walls o c. Bracing .Roof o c Floor o c Ceiling oc Other Other Buildings Area _Insulation Board Plasterboard _____.Plaster _Masonry — Wood Paneling - Plywood Finished Unfinished .Open Stud Floor Roof Grade of Floor Plan _P A Ceiling Height _Basement _1st Floor _.__2nd Floor _Attic Grade of Kitchen _ P �A G _Oven Built -in Range Built -in Bath Room Finish _—Attic Stairway Attic Unfinished _Attic Useful _Number Dormers Shed Type _Gable Size Size Stove _Oil Furnace _Coal Stoker _Hot Water —Hat air Forced _Radiant _Space Heater - Kind _Floor Furnace Number of Chimneys Kind NUMBER OF FIREPLACES _Basement 1st Floor Type 9. PLUMBING (Continued), Water Source Sewer Source 10. ELECTRICAL _Wired _220 Service Grade TOTAL GRADE 11. GARAGE 9. PLUMBING 7. FLOORS 1st Floor Bridged Post Size o c Beam Size . o c Ind Floor o c 0 # Tubs —w /shower .# Toilets _# Basins _._,_# Kitchen Sinks —# Shower Stalls —. # Hot Water Tanks _# Gallons Kind Grade 12 PORCHES 13. YARD IMPROVEMENTS # Laundry Trays —Total Number Fixtures Interior Heat Plumb Unit Cost Adds & Deducts Repi. Cost Age Condition Building Cost BUILDING VALUE CALCULATION Item No. Area or Quantity Unit Cost Total OPERATIONS AND PROCEDURES Performed By BUILDING AREA CALCULATION Date Square Feet — Ground Area Inspection Floor or Part Width Length Area Classification Calculation Review DEPRECIATION AND OBSOLESCENCE ADDITIONS AND DEDUCTIONS DEPRECIATION Notes: a. Effective Age Depreciation b. Observed Physical Condition c. Total Depreciation (a 4 b) Perimeter Scale ' " — Ft d. Net Condition (100 -c) OBSOLESCENCE e. Overimprovement f. Underimprovement g• Other h. Net Condition (100 - (e +f +g) i. FINAL NET CONDITION (d x h) SUMMARY OF APPRAISED VALUE Principal Building Appraisal Other Principal Buildings Appraisal Accessory Buildings Appraisal Total Replacement Cost Cost Conversion Fodor Total Building Appraisal Total Land Apraisal Adjusted Replacement Cost TOTAL APPRAISED VALUE $ KIBS61222 r S ,L Other Description: (295 63-4 2 62 3 7;e: ■ Size: 5a5 L , AS'ao,00 'SO C. X 5,5 rc Valuation Code: at/ia;°: E,4y/QASPBEP.ky CS/ r Area' . -2j , r %J-C_ Use Zone' PM Ia3S1 Land Use: on Unit Price: f t) v SOIYO 4a INFLUENCES: PLUS MINUS Depth Land Bldgs. Topography Irregular Modification View if fo JIC i, . 6' .. tI -' / : ,. .. Drainage /09? Physical Barriers – Access Corner Water /9Lra Sewer — Sidewalk a °. Paving /! ^ Curb & Gutter '' .7i 'P/ 3 ad9 0'�'}�11� Other ry 1, �I�Y - TOTAL W I?Q •.• Tn PLF1: � � �l.,t a'eF>iF.YiC.S sal (6 '/ Net + ( —) to .' Year of Valuation: / 'f Basic Land Value /7 700 Plus or (Minus) Factors Net Price of Land Remarks: /1 OL At G i o (o / , / o S- 7 3 71u C - /!- 7Y,a.,!.li r,/i /.$ 43/4L /lPaC',c) R SAS- 75-6.3 -/7a- /l- 4/-30 -8'' LAND VALUE 4 , YEAR ,. OWNER ASSESSED VALUATION REASON FOR CHANGE Land Bldgs. Total if fo JIC i, . 6' .. tI -' / : ,. .. 0 -0 /09? – /9Lra 71?°F 4, 1?), -a. a P — //as a °. �Ia a A � ±o . i /! ^ oc '' .7i 'P/ 3 ad9 0'�'}�11� i� 'n ry 1, �I�Y - A � JO W I?Q •.• Tn PLF1: � � �l.,t a'eF>iF.YiC.S sal (6 '/ r,:r.... K /l to .' / r a (bars/ ,,Aa.1f, A-- e10 — 5/ 1/46 • . 7 r •' • s • ,w _ — to 1c11 CONS) KUc,r1Li �. - .2-,c(CCD )q1c0 •34ou — :3 LIoo WD 4vw _ &SR CO tact • a,500 4a(86O (it (),,6;-,s, (),,6;-,s, I A it. e.A. -,SGU — ,60 7993 . -,929 - .. 792 yeisto !"at, l . ,SAYS s,e) Swb 6139-PI°fi 10-x-9 19910 11 Asa — I t 7 1 221 Soo — '22, 9:0 - 1`192 '1 '' 22, 9 o — 22,SO0 19,19 11 I( REMARKS : PICTURE: ') o.ol 9SC, G,/IGn n ., / S alb. (in&-- 16,E /, - PLACE PICTURE HERE S�tS o? / U[0 ID KIBS61221 OWNER LAND IMPS TOTAL RECORDING DATA ,:go-e,1 k'4.k , � ,, /1 ada3 Si .Z2.52Y0 r, 1 \I 1 BAY CERTII'IED MAIL RETURN RECEIPT REQUESTED 'FEB 31 u- Rosalie A. Cobis Box 2875 Kodiak, AK 99615 141983 f\\°' + PM , ;'1` 11.°11,I],"f- l4l4fflgr Kodfok Island Borough Kodiak, Alaska RECEIVED ;: FEB Re: ADL 61061 - Amendment to Lease Lear iris. Cobis: Enclosed is a copy of the subject amendment which has been executed by this Division. In accordance with the above referenced'arendment the lessee in ADL 61061, Rose licElree is altered to read ROSALIE A. CODIS. Please keep this amendment with ' your - copy of the lease. If we may be of further assistance, please advise. Sincerely, EDWARD G. BARBER JR. Head, Contract Administration Enclosure cc: Kodiak Island Borough Rvi2/4 KIBS61223 )cniiwk,lslsnd Boioug KODIAK, i :RECE;IVEQ a., u L ;1.2:1978;; ; =. 7,819�0hfld2Ii,2i3l4�5i6 Juno ;2 6 , 1.197E 3:.I Rosalie ,A fcb+lree Box: -2875 Kodiak , AK" 99615 Ro. :,,ADL- 61061';= Open-to-Entry Extension fi Dear Mrs: .MoBlree: - As .rc questod, youropen to -entry lease has been extended for an additional :- five;years and wi11_'oxpire June 4, 1983 . .. • As •a rider,. this is ,the last term .thin lease 'Canto .renewed. If: tho •land'is not_surneyed;;and'tho plat'approvod in- accordanco:with. the' Division •'of tande' Cadastral•Engineer's , instructions.by•tho tine`the; lease expires,.: ' as " stated'abovo,,the-land will revort back to'the State'. and you.will'note ' ,bo able to:acquire the land undor existing lai: if ro'may be "df further assistance to: you,'please. advise : •Sincerely, - - " i THEDDOBE G SMITU, Director gp W. Bruce' Atkinson, 'Bead of Contract 2tclnln?stration, cc. '' itodi ak Island Borough �. :b '7 KIBS61224 December 9, 1975 Rose � icE! ree Box 2.075 Flak, Alaska 99615 c 3: A^L 61061 -- A ss i f nr'sr:t of Lease Dear ;Is. gcEirea: Enclosed is the orlr;ina1 of tha approved Assi, nment of Lease conveying a parcel of land within Section 33. Township 24 South, Pangs% 24 "inst, Seward ger1d1an to you from Michael Allan ►Ccmptherne. Th3 Division of Lands should be a- vissd of :;11 chances of address. It is the responsibility of the lessew? to 4;5k3 -rely payments. Fai turps to receive. a courtesy notice of psy ent dua dogs not relieve the lessee of the responsibility of .akin tfr., 1y payments •+htch are due on or before June 4th of each lease year. if we oay be of any further assistance, p len se feel free to contact u;. Very truly years, L. T. 'a1n Lends Disposal Officer cc: Hichael Allan K 'ipthorne 1733 15th Avenue Seattle, Vashington 98144 ag lsi?nd Borough - Enclosure KIBS61226 SWE DEPARTMENT OF NATURAL RESOURCES OCT 3 1 1973 QM I Michael Kompthorne Group Office Astoria Route I, Box 950 Warrenton, Oreoon 97146 WILLIAM A. EGAN, Governor DIVISION OF LANDS, 323 E. ATH AVENUE. ANCHORAGE 99501 Re: ADL 61061 , Lease of Alaska Lands Dear Mr. Kempthorne: Enclosed is the original of the subject lease agreement which has been executed by this Division. At any time during the tenure of your lease you may, at your expense, have the land surveyed so you can obtain title. The surveyor you choose must be duly registered and licensed to practice land surveying in Alaska. Information as to the registration status of your surveyor may be obtained by writing the Board of Engineers and Architects Examiners, Box 469, Juneau, Alaska, 99801. The selected surveyor must contact the Division's Chief Cadastral Engineer for survey instructions prior to starting the survey. The Division of Lands should be advised of all changes of address. It is the responsibility of the lessee to make timely payments. Failure to receive a courtesy notice of payment due does not relieve the lessee of the responsibility of making timely payments. If we may be of any further assistance, please feel free to contact us. Sincerely, F. J. KEENAN Director By: L. T. MAIN Lands Disposal Officer Encl. - as stated J_ec'r Kodiak Island Borough KIBS61227 S- //1C/ e' , • ,-S/ .'1 • C19')/ 2%, J fin._ __.._.� ;z? G _ ,>< S Jc / 3-2:2 v • 10- 111. -(37) Rev,.` .7170 STATE OF ALASKA DEPARTMENT OF NATURAL RESOURCES DIVISION OF LANDS 323 East Fourth Avenue Anchorage, Alaska 99501 LEASE AGREEMENT Open -to -Entry ADL No. 61061 THIS INDENTURE made and entered into this 5th day of June , 19 73 , by and between the STATE OF ALASKA, through the Director of the Division of Lands, with the consent and approval of the Commissioner of the Department of Natural Resources, acting for and on its behalf under and pursuant to AS 38.05, as amended, and the regulations promulgated thereunder, as amended or hereafter amended, hereinafter referred to as the LESSOR: and MICHAEL ALLAN iC WtRORNE of Box' 747, Homer, Alaska 99603 hereinafter referred to as the LESSEE: WITNESSETH, that whereas the Lessor has classified the lands herein demised as: Open-to-Entry lands on September 20 19 72 pursuant to AS 38.05, as amended; and WHEREAS, the Lessor has caused the lands herein demised to be appraised and such appraisal was made and approved on or after N/A , 19 ; and WHEREAS, the Lessor has caused a notice of intent to lease the lands herein demised to be published as required by law or caused notices of intent to lease to be posted as re- quired by law; and WHEREAS, an auction of the herein demised property was held at the time and place designated by notice and said sale was approved by the Director of the Division of Lands, Department of Natural Resources, State of Alaska: NOW THEREFOR, the Lessor has agreed to let and does hereby let and demise to the Lessee, and the Lessee has agreed to take and does hereby take from the Lessor all that lot, piece, or parcel of land more particularly bounded and described, as follows: SEE PAGE rout TO HAVE AND TO HOLD the said demised premises for a term of Five (5 ) years commencing on the 5th day of June , 19 73 and ending at 12 o'clock midnight on the 4th day of June 19 78 ,unless sooner terminated as hereinafter provided. The Lessee shall pay to the Lessor rental as follows: Equal annul payments, in advance, on or before the 5th day of June of every year during said term at the rate of Foamy and Uo /IUU Dollars 040.00 ) per annum ; such payments to be subject to adjustment at each five - year interval from the effective date hereof, if the lease term hereof exceeds five years, such adjustment to be based primarily upon a reappraised annual rental value of land in a state of improvement similar to that of the land described herein at the time this lease was entered into. It is agreed that the covenants, terms and agreements herein contained shall be binding upon the successors and assigns of the respective parties hereto. KIBS61228 It Is hereby mutually covenanted and agreed that this indenture to made upon the foregoing, and upon the following agreements, conditions. covenants, and term.. VIZ: 1. The word "Lessor" es and wherever used in the lease, shall be construed to include, and shall include, bind and inure to the benefit of the Stets of Alaska, its successors and neaten., at any time during the term of Chia lease or any renewal thereof; and the word "Lessee" as and wherever used in [hie lease Shall be construed to include and shall include and bind and inure to the benefit of the Lessee, his successors and assigns. 2. It shall be the respontability of the lessee to properly locate himself and his improvements within the tonfines of the property leased herein. 3. The lessor, hereby expressly saves, excepts and reserves out of the grant hereby made,unto Itself, its lessees, successor[, end assigns forever, all oils, gases, coal, ores, minerals, fissionable materials, and fossil,. of every name, kind or descrip- tion, and which may be in or upon said landa above - described, or any part thereof, and the right to explore the same for such oils, gases, coal, orea, minerals, fissionable materials, and fossils, and it also hereby expressly saves and reserves out of the great hereby made, unto itself, its lessees, successors, and ,..signs forever, the right to encer by itself, its or their agents, attorneys, and ser vants upon said landa, or any part or parts thereof, at any and all cites, for the purpose of opening, developing, drillingsand working mines or wells on these or other lands and taking out and removing therefrom all such oils, gases, cost, ores, minerals, fissionable materials and fossils, and to that end it further expressly reserves out of the grant hereby made, unto itself, Lta 1 , successors, and assigns forever, the right by its ar their agents, servants and attorneys at any and all times to erect, construct, maintain, end use all such buildings, machinery, toads, pipe- lines, powerlines, and railroads, sink such shafta, drill such wells, remove such soil, and co remain on said lands or any part thereof for the foregoing purposes end to occupy es much of said lands as may be necessary or convenient for much purposes hereby expressly reserving to itself, Its lessees, successors, and assigns, as aforeseld, generally all righta and power in, to, and over said land, whether herein expressed or not, reasonably necessary or convenient to render beneficial and efficient the complete enjoyment of the property and rights hereby expressly reserved. Provided, however, no rights shall be exercised by the Lessor or its Lessees, until provision has been made by the Lessor or its lessees, to pay to the Lessee of the land, upon which the rights herein reserved to the Lessor or its Lessees, are nought to be exercised, full payment for all damages sustained by Bald Lessee, by reason of entering upon said land; provided, that if said Lessee for any cause whatever refuses or neglects to aetele said damages, the Lessor or its Lessees, or any applicant for a lease or contract from the Lesaor or ice Lessees for the purpose of prospecting for valuable minerals, or option contract or lease for mining cool or lease for entreating petroleum or natural gas, shall have the right, after posting a surety bond with the Director Issued by a corporation qualified to do business in Alaska and licensed to sell insurance in Alaska or a bond exe- cuted by one or more individual sureties approved by the Director, after due notice and opportunity to be heard, to be sufficient in amount and security to secure, 13te said Lessee full payment for all such damages, co enter upon the land to the exercise of said reserved rights, and shall have the right to institute such legal proceedings In • court of competent jurisdiction wherein the land is *treated, as may be necessary to determine the damages which the surface lessee of such lands may suffer. 4. The lends leased herein have been classified as shown on Page 1 of this agreement and in accordsnae with the Classification Regulations, Title 11, Dlvieion 1, Chapter 1, Subchapter 1, Alaska Administrative Code and any use thereof which shall be in material conflict with said classification shall, if not remedied after due notice there- of has been served on the Lessee, constitute a breach of this lease and the tremor may thereupon terminate same In accordance with provisions herein contained, The Lessor does not warrant chat by such cisselfication the land is ideally suited for the use authorized thereunder and the Lessor gives no guaranty, actual or Implied, that the utillracion under said classification will be profitable. 5. under this lease the Lessee acquires no interest whatsoever in any coal, oil, gas and other minerals or any deposits of stone or gravel valuable for extraction or utili- sation or any materiels subject to Title 11, Division 1, Chapters Four (4), Five (5) and Six (0), Alaska Adminlatretive Code, as amended or es shall hereafter be amended. The Lessee shall not sell or remove or attempt to sell or remove any timber, stone, gravel, peatmoss, or any other material valuable for betiding or commercial purposes; provided, hwever, that material required in the enjoyment of this lease may be used after a written permit therefor has been obtained fron the lessor. f. The Lesenr expressly reserves the right to grant easements or rights -of -way across the land herein leased if it is determined by the Director to be to the best Interests of the State co do so; provided, however, that the Lessee shall be entitled to compensation for all improvements or crops which are damaged or destroyed as a direct result of the utilization of such easement or right -of -way, 7. The Lessee shall not commit waste or injury upon the property leased herein. 6. If the lands leased herein are classified and leased as gresing or agri- cultural lands the Lessee shall not prevent or deny the lawful pursuit or the hunting of game or the caking of fish; provided, however, the Director, upon request in writing, may allow the lands leased herein, or portions thereof, to be posted to prohibit hunting and fishing when it appears necessary in order to properly protect the Lessee and his property. 9. should the lands herein leased lie within the jurisdiction of any authorized building or zoning authnrtiy they shell be utilized in accordance with the rule[ and regu- lations promulgated by said authority. 10. The Lessee shall rake all reasonable precaution to prevent, end take all reasonable action to suppress grass, brush and forest, fires on the lend herein leased. 11. The Lessee shall allow the Lessor, through its duly authorised representa- tive, to encer upon the leased premises, at any reasonable time, for the purpose of an inspection thereof. 12. .then the Lessee shall use the lands leased herein to construct any form of hydraulic project ur employ any equipment or engage in any activity whloh will use, divert, obstruct, pollute or change the natural flow or bed of any river, lake or stream or that will utilise any of the water, of the ;rate or materials from any river, lake or scream beds, the Lessee shall, prior to the commencement of any such operation., procure the approval of the Commissioner of the Department of Fish and Came and the original or an [rage cnoy thereof shall he filed with the Leaeor prior to the commencement of such activity. 13. The Lessee may assign the lands, or portion thereof, herein demised, pro- vided, he first makes application to the Lessor for a permit. The Director, in his discretion, may issue such permit if he finds it to be Ln the best Internet of Alaska. No assignment shall be permitted until the assignee thereunder agrees to become subject to and be governed by the provisions of this lease in the same manner ae though he were the origi- nal Lessee. No such assignment will be effective until the Director sign. and issues a written permit therefor. 14. This leas. eay not be modified orally or In any manner other than by an agreement in writing signed by ell parties hereto or their respedtive successors in lneeresc. 15. The Lessee's rights under this Lease may be terminated by the Director, in whole or in part, if the leased premises are being used for an unlawful purpose. 16. If the Lessee should default to the performance of any of the terms, Cove- nants or stipulations herein contained or of the regulations promulgated pursuant to AS 38.05, as amended, and said default shall not be remedied within 30 days after written notice of each default has been served upon the Lessee by the Lessor, the Lessee shall be subjected to such legal action as the Lessor shall deem appropriate including but not limited to, the forfeiture of this lease. No improvements nay be removed by the Lessee during any period in which this lease is In default. In the event that this lease shall be terminated because of s breach of any of the terms, covenants, or stipulations contained herein the annual rental payment lase made by the Lessee shall be retained by the Lessor as liquidated damages. 17. Any notice or demand which must be given or made by the parties hereto shell be in writing, and shall be complete by sending auch notice or demand by Uniced dtatea registered or certified mail to the address shown on the lease or to such other address as the parries shall designate in writing from time to time. A copy of any such notice shall be forwarded by the Lessor to any itenholder who has properly recorded his Interest In the lease with the Lessor. 18. In the event. that this lease Is terminated as herein provided, by summary proceedings or otherwise, or in the event that the demised lands, or any part thereof, should be abandoned by the Lessee during the term of this lees., the Lessor may immedi- ately, or at any time thereafter, enter or re -enter and take noaeesston of said Lands, or any part thereof. and without liability for any damage therefor, remove all persons and property therefrom either by summary proceedings or by a suitable action 01 proceeding at law; provided, however, that the words "entry" and entry" as used herein, are not restricted to their technical legal meaning. Any entry or re-entry, possession, repossession, dieposSess, and /or dispossession by the Lessor. whether had or taken by summary proceedings, or otherwise, shall not be deeced to absolve, relieve, release or discharge the Lessee, either in whole or in part. from any liability hereunder. 19. Upon the expiration. termination or canceliaclon Of this lease, unless the same has been renewed, the Lessee shall quietly and peaceably leave, surrender and yield up unto the Lessor all of the leased land on the last day of the term of the lease. 20. The receipt of rent by the Lessor, with or without knowledge of any breach of the lease by the Lessee or of any default on the part of the Lessee in observance Or performance of any of the conditions or covenants of this lease, shell not be deemed to be a waiver of any provision of this Lease. No failure on the part of the Lessor to en- force any covenant or provision herein contained, nor any waives of any right hereunder by the Lessor, unless to writing, shall discharge or invalidate such terms or covenants or affect the right of the Lessor to enforce the lace in the event of any subsequent breach or default. The receipt by the Lessor of rent or any ocher sum of money or the [ermine: ion, in any manner, of the term therein demised, or after giving by the Lessor of any notice hereunder to affect such termination, shall not reinstate, cnntlnue, or extend the resultant term herein demised, or destroy, ur in any manner impair the efficacy of any such notice of termination as may have been given hereunder by the Lessor to the Lessee prior to the receipt of any such sum of money or other consideration, unless expressed in writing and signed by the Lessor. 21. The Lessee, after written request therefor has been filed with the Lessor and prior to the eommencenent of such work, may receive credit toward current or future rentals, provided the contemplated work, to be accomplished on or off the area leased herein, in the discretion of the Lessor, shall result in increased valuation co other itare-owned lands. The Lessor's authorization to proceed each the work for rental credit, f granted, shall stipulate the type and extent of improvements, standards of construction to be followed and the maximum allowable rental credit therefor; provided further that no rental credit shall inure to the Lessee until the work has been completed and the Lessor has inspected same to determine compliance with the provisions of said authorization. 22. 11, upon the expiration of this lease, the Lessee desires a renewal lease on the undo, properties or interests cnvered herein, he shall within 30 days before the expiration of this lease, rake applicarion to the Lessor on Form DL -74 entitled 'Application for Renewal of Lease ", in which he must certify under oath as to the character and value of all the improvements existing upon the land. the purpose for which he desires a renewal and such other information as the Director of the Division of Lands may require. Along with the application the applicant shall deposit a sum equal to 50Z of the current annual rental, as provided herein, hut in no event to exceed the sum of 150.00. The Lessor may thereupon lease said lands in compliance with the provisions herein enumerated, Ai 38.05, as amended, and the rules and regulations promulgated thereunder, allowing a preference right to the Lessee herein. 23. The Lessee hereunder shall, upon the expiration of this lease or the prior termination thereof by mutual ag r eerent, be allowed a preference right to re -Lease the lands leased herein if ail other perclnenc factors are subatenttally equivalent. If the renewal lease does not require public auction, the preference right holder shall exercise his right within 30 days before the expiration of this lease by written ttotfce directed to the Lessor and failure to do so shall result in forfeiture and termination of such prefer- [ right. In the event Chat the lease is subject to and is offered at public auction the preference right holder, shall, at the close of bidding, indicate his desire to exercise his preference right and meet the highest bid. In the event the preference right holder does not elect Le exercise his right and fails ca du an at this rime his preference right shall he forfeited and forever lost. 24. Improverents owned by a Lessee on Alaska Lando shall within 10 days after termination of the lease be removed by him; provided, such removal will not cause injury or damage to the ]ands; and further provided, that the Lessor may eeterd :he time for removing such Improvements in cases where hardship is proven. The retiring l.esaee or permittee may, with the consent of the Lessor, sell his Improvements co the succeeding lessee or permlctee. If any improvements and /or chattels having an appraised value Ln excess of 510,000.00 as determined by the Lessor arc not removed within the time allowed, such improvements and /or chattels shall upon due notice to the Lessee, be sold at pubLie sale under the direction of the Lessor. The proceeds of sale shall inure to the lessee who placed such improvements and /or chattels on the lands after paying to the Lessor all rents due and owing and expenses incurred in melting such sale, In nose there are no other bidders at any such sales, the Lessor is authorized to bid on such improvements and /or chattels. The Lessor shall acquire all the rights, both legal and equitable, that any other purchaser could acquire by reason of said purchase. If any improvements and /or chattels having en appraised value of a10,000.00.Or less, as determined by the Lessor, are not removed within the time nllowed, such improve- ments and /or chattels shell revert to and absotute title shall vest La the Lessor. 25. 1f any clause, or provision, herein contained, shall be sd,judgcd to be invalid, it shall not affect the valtdity of any ocher clause or provision of this lease or constitute any cause of oction in favor of either party as against the other. 26. The Lessee agrees to pay all taxes that may be levied against the eree isms during the term of this Lease. KIBS61229 the Division of Lands of the Department of Natural Resources, lawfully authorized t unto, has caused these presents to be executed at Anchorage, Alaska, in duplicate, and the said Lessee has hereunto set his hand, agreeing to keep, observe and perform the rules and regulations promulgated under AS 38.05, as amended, the terms, conditions and provisions herein contained, on the Lessee's part to be kept, observed and performed. IN WITNESS WHEREOF, the State of Alaska, Lessor, acting through the Dire APPROVED: Chief, Lands Section Pirpppir Division of Lands COMMISSIONER, DEPARTMENT OF NATURAL RESOURCES STATE OF ALASKA UNITED STATES OF AMERICA. ) LESSEE (S) State of Alaska ) ss. THIS IS TO CERTIFY that on the day of , 19 before me, the undersigned Notary Public, personally appeared KEN}iETH H, HALLBACK known to me and known by me to be the Chief. Lands Section of the Division of Lands of the Department of Natural Resources, and acknowledged to me that he executed the foregoing lease for and on behalf of said State, freely and voluntarily and for the use and purposes therein set forth. IN TESTIMONY WHEREOF, I have hereunto set my hand and affixed my official seal, the day and year in this certificate first above written. Notary Public in and for the State of Alaska My commission expires UNITED STATES OF AMERICA ) State of Alaska ) ss. THIS IS TO CERTIFY that on this day of , 19 , before me, the undersigned, a Notary Public in and for Alaska duly commissioned and sworn, personally appeared MICHAEL ALLAN KIMfPTHORNE to me personally known to be one of the persons described in and who executed the within instrument and the said miCHAEL ALLAN REMPTRDRNE acknowledged to me that he signed and executed the same freely and voluntarily for the uses and purposes therein mentioned. IN TESTIMONY WHEREOF, I have hereunto set my hand and affixed my official seal, the day and year in this certificate first above written. APPROVED AS TO FORM: WARREN C. COLVER ATTORNEY GEWERAL By ?kt/LeA/0, J1/4_011 Deputy Attorney General Notary Public in and for the State of Alaska My commission expires KIBS61230 PAGE N0. POUR LEGAL DESCRIPTION: Commencing at the confluence of the two'streams (marked "A" on maps) flowing into Onion Bay as shown on attached maps; thence east and southeast along south side of stream a distance of 18 chains (1188 feet or 396 yards) to Corner 41, a 4" x 4" wooded post made of two 2" x 4 "s nailed together, with orange paint and yellow plastic ribbon (all my posts have orange paint and yellow ribbon) and next to the 01 poet staked by Donald Rafkar on 11/17/72; thence to Corner 02, a 1" x 3" stake 8 chains (528 feet roughly south from 01); thence 6 chains (396 feet) roughly east to Corner 03, a 1" x 3" stake about 2 feet high; thence 8 chains (528 feet) roughly north to Corner 04, a 1" x 3" stake 4 feet high backed by a piece of driftwood 1" x 6 "; thence to Corner 01, a distance of 6 chains (396 foot) roughly west along the stream frontage, the point of beginning. The posts on the stream are on dry ground out of the stream bed. Located in Section 33, Township 24 South, Range 24 West, Seward Meridian, containing 5 acres, more or leas, no per attached plat. Subject to a reservation for right - of-way 50 feet on aach'side of the section line if, upon survey, the section line easement is located on the above- described lands. Also subject to ADL 51728 50 foot right -of -way along creek. KIBS61231