1998-11-10 LOC Amendment
BUILDERS MORTGAGE COMPANY LLC
Construction Loan Specialists for Professional Builders
403 Jackson Street, # 301
Anoka, MN 55303
(612)-323-0820
(612)-323-9105 (Fax)
14300 Nicollet Court, #111
Bumsville, MN 55306
(612) 898-1110
(612) 892-6555 (Fax)
November 10, 1998
City of Albertville
5975 Main Avenue NE
PO Box 9
Albertville, MN 55301
Re: Karston Cove - Pilot Land Development Company
Re: AMENDMENT
Our Irrevocable Letter of Credit No.6633-998-DI Dated: September 25, 1998
Ladies and Gentlemen:
Builders Mortgage Company LLC hereby amends Irrevocable Letter of Credit No.
6633-998-DI Dated: September 25, 1998, as follows:
1. The amount of the above referenced Irrevocable Letter shall be
decreased from $250,000.00 U.S. to $125,000.00 U.S.
All other terms and conditions remain without change.
Very truly yours,
BUILDERS MORTGAGE COMPANY LLC
{7~
Patricia Filip
Chief Financial Officer