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1998-06-29 LOC Amended e~ A, . atI Northeast ~ Balik Your independent Community Bank Tl BroadvvCiV f\J.E fVH\j 55413 612'379-8811 FAX 6123623262 FDiC June 29, 1998 IRREVOCABLE LETTER OF CREDIT NO. 11-97 AMOUNT $30,685.00 PARKS IDE 4TH ADDITION PILOT LAND DEVELOPMENT COMPANY (formerly known as Kenco Construction, Inc.) City of Albertville Attn: Linda Houghton Box 131 Albertville, MN 55301 Irrevocable Letter of Credit No. 11-97 is hereby amended to extend the maturity date to June 18, 1999. A draft drawn hereunder must be presented to us at our office located at 200 Coon Rapids Boulevard, Coon Rapids, Minnesota, no later than 2:00 o'clock p.m. on the expiration date. The expiration date is June 18, 1999, or any extended date. All other terms and conditions of Irrevocable Standby Letter of Credit 11-97 shall remain unchanged. Sincerely, /~l~ Gail T. Braun Senior Vice President and Cashier