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2001-10-17 LOC e e , October 17,2001 IRREVOCABLE STANDBY LETTER OF CREDIT NO. 30-99 City of Albertville Box 131 Albertville, MN 55301 RE: Irrevocable Letter of Credit #30-99 Cedar Creek South 4th Addition Pilot Land Development Company Irrevocable Letter of Credit No. 30-99 is hereby amended to extend the maturity date to October 5, 2002. A draft drawn under this Letter of Credit must bear on its face the words: "Drawn under Northeast Bank Letter of Credit No.30-99, dated July 5, 2000." All other terms and conditions of this Irrevocable Letter of Credit No. 30-99 shall remain unchanged. Sincerely, ~ ,-. J '\ ._,.. ' j _~ I ~G-G"'-- Gail T. Mikolich Executive Vice President and Cashier