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CONTRACT AND AGREEMENT It is hereby mutually bargained and agreed by and between James L. Geddes and Virginia M. Geddes, hereinafter referred to as the purchasers and G. L. Evans of the Flower Evans Company, hereinafter referred to as the seller. WITNESSETH that the purchasers and,13eller:,mutbally agree that a contract entered into heretofore between the same parties on April 21, 1956 and pertaining to the same property covered in this contract calling for a purchase price of $15,000.00 is here- by mutually dissolved and both parties released from the obligations of the same for the reason that the appraisal made by the FHA was less than anticipated by the parties hereto. The purchasers hereby agree to purchase the property describ- ed as Lot`227, West Lawn, City of Grand Island, Hall County, Nebraska, at an agreed price of $13,500.00. They further agree to obtain a loan uaranteed by the FHA in the amount of $10,700.00 and pay to the seller an additional $1000.00 upon the signing of this contract. The purchasers further agree to execute a note payable to the seller in the amount of $1800.00, said note to bear interest at the rate of 6% per annum and to become due and payable on the lst day of November, 1956. The purchasers,as. further consideration for the seller carrying the $1800.00 loan, further agrees to execute a deed to the seller upon this property and the seller hereby agrees to ex- ecute a good, sufficient Warranty Deed to the purchasers, said deed to be placed in escrow until the due date of the note and until satisfaction and release of the note. The seller further agrees to furnish a good, sufficient marketable title and abstract showing same and further the seller agrees to pay the 1955 real property taxes against said property. The purchasers agree to pay all FHA loan closing charges, FHA insurance, and to make all payments upon the principal interest and insurance on said property. The purchasers further agree that they will, in the event they place said property for sale prior to the lst day of November, 1956, give to the Flower Evans Company an exclusive liming upon said property. In the event the purchasers fail to satisfy said note including principal and interest on the lst day of November, 1956, they hereby agree that the seller may list said property for sale at the same price which the purchaser has herein agreed to pay and the seller agrees to remit any balance to the purchasers in the event of a sale after satifaction of all mortgages, notes, sale commissions, and other payments which may be due against the property. We hereby mutually bind our heirs, executors or assigns to this contract. IN WITNESS WHEREOF, we have hereunto set our hands this A_ day of June, 1956. ithess