2001-05-02 LOC
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Comnumity Bank
May 2,2001
IRREVOCABLE STANDBY LETTER OF CREDIT NO. 5-99
City of Albertville
Attn: Linda Houghton
Box 131
Albertville, MN 55301
RE: SUBDIVISION IMPROVEMENTS IN THE CEDAR CREEK SOUTH 3RD
ADDITION, CITY OF ALBERTVILLE AS REGULATED BY THE
DEVELOPERS AGREEMENT
Irrevocable Letter of Credit No. 5-99 is hereby amended to extend the maturity date to
August 5, 2001.
A draft drawn under this Letter of Credit must bear on its face the words: "Drawn under
Northeast Bank Letter of Credit No.5-99, dated May 5, 1999."
All other terms and conditions of this Irrevocable Letter of Credit No. 5-99 shall remain
unchanged.
Sincerely,
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Gai~ Mikolich
Executive Vice President and Cashier