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2002-09-06 LOC - . , September 6, 2002 IRREVOCABLE LETTER OF CREDIT NO. 05-01 City of Albertville Attn: Linda Goeb P.O. Box 9 Albertville, MN 55301 RE: CEDAR CREEK NORTH 3rd ADDITION Irrevocable Letter of Credit No. 05-01 is hereby amended to reduce the amount available from $41,000.00 to $31,965.00. 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, 200 I." All other terms and conditions of this Irrevocable Letter of Credit No. 05-01 shall remain unchanged. Sincerely, ... ~~LI'-- I. G' . Mikolich Executive Vice President and Cashier