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2001-10-17 LOC Amended e) - .", l' 1$, i~Hh1pemien! Cnmrntin1.~V gf~,~}~. October 17,2001 BrDhCl\vay !'J,L. Mf\!Sh4'13 IRREVOCABLE STANDBY LETTER OF CREDIT NO. 09-98 rL, City of Albertville 5975 Main Avenue NE Albertville, MN 55301 RE: Irrevocable Letter of Credit #09-98 Pilot Land Development Center Oaks 2nd, 3rd and 4th Addition Irrevocable Letter of Credit No. 09-98 is hereby amended to extend the maturity date to September 30, 2002. A draft drawn under this Letter of Credit must bear on its face the words: "Drawn under Northeast Bank Letter of Credit No.09-98, dated July 24, 1998." All other terms and conditions of this Irrevocable Letter of Credit No. 09-98 shall remain unchanged. Sincerely, /'\:~----C~ 1 . J/~L-z.LULI cL.... Gail T. Mikolich Executive Vice President and Cashier