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2003-06-20 LOC Amended Extension 06-0241r Northeast .W Bank June 20, 2003 IRREVOCABLE LETTER OF CREDIT NO.06-02 City of Albertville Attn: Linda Goeb PO Box 9 Albertville, MN 55301 RE: CEDAR CREEK SOUTH 5TH ADDITION Yourindependenl Community Bank 77 Broadway N.E. Minneapolis, MN 55413 612-379-8811 FAX:612-362-3262 Member F.D.I.C. Irrevocable Letter of Credit No. 06-02 is hereby amended to extend the maturity date to October 31, 2003. A draft drawn under this Letter of Credit must bear on its face the words: "Drawn under Northeast Bank Letter of Credit No. 06-02, dated April 8, 2002." All other terms and conditions of this Irrevocable Letter of Credit No. 06-02 shall remain unchanged. If you have any questions please feel free to contact Larry Crane at 763-792-3216 regarding this matter. Sincerely, 4GaiIvlikolich Executive Vice President and COO