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2002-09-17 LOC Reduction e e September 17, 2002 Doug Bleess State Bank of Rogers 12916 Main Street P.O. Box 127 Rogers, MN 55374 RE: Irrevocable Letter of Credit No. 2002-1 Kolleville Estate 2nd Addition Leuer-Munstertieger Properties, Inc. Dear Mr. Bleess: 5975 Main Avenue N.E. P.O. Box 9 Albertville, MN 55301 (612) 497-3384 Fax: (612) 497-3210 The above-referenced letter of credit may be reduced to $25,000 immediately. Please forward the amended letter of credit to my attention as soon as possible. Should you have any questions, please feel free to contact me. CC: Leuer-Munstertieger Properties, Inc. Scott Dahlke, Linda Goeb City Clerk 4