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2003-01-21 LOC Amended . ~-i . ~ January 21, 2003 IRREVOCABLE LETTER OF CREDIT NO. 45-00 55413 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 August 14,2003. 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, ~)~~ . ~ . T. Mikolich Executive Vice President and Chief Operating Officer