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2003-03-19 LOC Amended e, I e') .. !Fl.lfJ'I"'t 11'SI.']\Ii"~"i't ..:, \1.. .,Ii t[.1f.~,_, 11;. .l~ 1 ," 'off ,. . tJJ~ A YtHH hH~[-~pe~H!eni GrHl1\YWni(v I:i~n~ March 19, 2003 IRREVOCABLE STANDBY LETTER OF CREDIT NO. 09-98 Nt r\llr~ 5!5i113 F/;){. 6'i2'-3f;:,?'~~~~:62 City of Albertville Attn: Linda Goeb PO Box 9 Albertville, MN 55301 McrniJ(f f.D.f.C. RE: Center Oaks 2nd, 3rd, and 4th Addition Irrevocable Letter of Credit No. 09-98 is hereby amended to extend the maturity date to June 30, 2003. 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. If you have any questions please feel free to contact Larry Crane at 763-792-3216 regarding this matter. ~ ~~~C' Thomas President