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2001-11-29 LOC Amended e e , You; Independent Bank November 29,2001 77 Broadvv'2V N,E. MN 55413 6 -12 ~3'79-88 ~1 -j FAX: 612-362-3262 tv1et"nber F.D,LC. IRREVOCABLE STANDBY LETTER OF CREDIT NO. 45-00 City of Albertville Attn: Linda Houghton P.O. Box 9 Albertville, MN 55301 RE: CEDAR CREEK SOUTH 6TH ADDITION Irrevocable Letter of Credit No. 45-00 is hereby amended to reduce the amount avaiiable from $67,700.00 to $42,421.00. 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. Sincerely, ~_l .~J..uL>...CJ-, Gail T. Mikolich Executive Vice President and Cashier