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2003-06-30 LOC Amended• %. ~~ ~ ~ June 20, 2003 IRREVOCABLE LETTER OF CREDIT N0.06-02 ~'na;r Endependent ~arnrraunit~ dank City of Albertville Attn: Linda Goeb PO Box 9 Albertville, :VIN 55301 RE: CEDAR CREEK SOUTH 5TH ADDITION i7 f3r~aU4day t~.E. tlinn~;a~aoiis, f44fv w:,413 ~~?',',r'~"~~it Irrevocable Letter of Credit No. 06-OZ 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, ` ~ - ~Y~'~ L,-- Ga" . Mikolich Executive Vice President and COO