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2003-07-25 LOC e e , July 25, 2003 IRREVOCABLE STANDBY T...iETTER OF CREDIT NO. 30-99 City of Albertville Attn: Linda Goeb PO Box 9 Albertville, MN 55301 RE: CEDAR CREEK SOUTH 4TH ADDITION Irrevocable Letter of Credit No. 30-99 is hereby amended to extend the maturity date to January 5, 2004. A draft drawn under this Letter of Credit must bear on its face the words: "Drawn under Northeast Bank Letter of Credit No. 30-99, dated July 5, 2000." All other terms and conditions of this Irrevocable Letter of Credit No. 30-99 shall remain unchanged. If you have any questions please feel free to contact Larry Crane at 763-792-3216 regarding this. matter. Sincerely, ~c~ Q ") ~~<=---- Gail T. Mikolich Executive Vice President and Chief Operating Officer