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1997-06-27 LOC 284 I FNDI Al .;, e, I First National Bank of Monticello June 27, 1997 IRREVOCABLE LETTER OF CREDIT #284 City of Albertville 5975 Main Avenue NE Albertville, MN 55301 To Whom It May Concern: By Order of: Little Mountain Development LLC and Floyd Roden III Thomas Park Drive Monticello, MN 55362 Re: Fairfield, Albertville, Minnesota - Off Site We hereby is Development U.S. Dollars, available by effective Jun ur credit number as it at sight on or before the d conditions of the Letter of Funds under appears abo expiration Credit. We engage with you that drafts drawn under and in conformity with the terms of the credit will be duly honored on presentation, if presented on or before the expiration date. The original Letter of_ Credit must accompany the documents required under this credit, or a copy of the original, if original is lost in the mail. The credit is subject to the Uniform Customs, and Practice for Documentary Credits (1983 Revision), International Chamber of Commerce Publication 400. Please address all correspondence regarding this Letter of Credit to the attention of First National Bank of Monticello, 407 Pine Street, P.O. Box 239, Monticello, MN 55362. ~'d+* Tom Lindquist Vice President TSL:zg 407 Pine Street P.O. Box 239 Monticello, Minnesota 55362 Phone: 612-295-2290 T;tl.,l1.....f~ Respond To D Monticello II Lakeville Detached Facility: Lakeville 10880 West 175th Street Lakeville, Minnesota 55044 Phone: 612-892-6000 MEMBER FDIC