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2002-12-04 LOC , December 4, 2002 IRREVOCABLE LETTER OF CREDIT NO. 05-01 City of Albertville Attn: Linda Houghton P.O. Box 9 Albertville, MN 55301 RE: CEDAR CREEK NORTH 3rd ADDITION Irrevocable Letter of Credit No. 05-01 is hereby amended to decrease the amount available from $31,965.00 to $10,155.00. A draft drawn under this Letter of credit must bear on its face the words: "Drawn under Northeast Bank Letter of Credit No. 05-01, dated April 17, 2001." All other terms and conditions of this Irrevocable Letter of Credit No. 05-01 shall remain unchanged. If you have any questions please feel free to contact Larry Crane at 763-792-3216 regarding this matter. Sincerely, . . ~ /. ~L~ . Mikolich Executive Vice President and Cashier