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2003-10-14 LOC Amended . . .. Northeast "IiI Bank Your Independent Community Bank 77 Broadway N,E, Mlflneapolis, MN 55413 612-379-8811 FAX: 612-362-3262 October 14,2003 Member F,D.LC. IRREVOCABLE LETTER OF CREDIT NO. 45-00 City of Albertville Attn: Linda Goeb PO Box 9 Albertville, MN 55301 RE: CEDAR CREEK SOUTH 6TH ADDITION Irrevocable Letter of Credit No. 45-00 is hereby amended to extend the maturity date to November 30,2003. A draft drawn under this Letter of Credit must bear on its face the words: "Drawn under Northeast Bank Letter of Credit No. 45-00, dated November 14,2000." All other terms and conditions of this Irrevocable Letter of Credit No. 45-00 shall remain unchanged. If you have any questions please feel free to contact Larry Crane at 763-792-3216 regarding this matter. Sincerely, In 7~L-< ~liCh Executive Vice President and Chief Operating Officer