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2001-12-07 LOC Amendment BUILDERS MORTG!;E COMPANY LLC e 646 East River Rd Anoka, MN 55303 (763 )-323-0820 (763)-323-9105 (Fax) Construction Loan Specialists for Professional Builders 14300 Nicollet Court, #200 Burnsville, MN 55306 (952) 898-1110 (952) 892-6555 (Fax) December 7, 2001 City of Albertville 5975 Main Avenue N.E. P.O. Box 9 Albertville, MN 55301 Re: Koilville Estates - Leuer-Munstertelger Properties, inc. Re: AMENDMENT Our Irrevocable Letter of Credit No.5669-700-DI Dated: July 27,2000 Ladies and Gentlemen: Builders Mortgage Company LLC hereby amends Irrevocable Letter of Credit No. 5669-700-01 Dated: July 27,2000, as follows: 1. The amount of the above referenced Irrevocable Letter of Credit is hereby reduced from $55,000.00 U.S. to $27,500.00 U.S. All other terms and conditions remain without change. Very truly yours, BUILDERS MORTGAGE COMPANY LLC [<~~ Patricia Filip Chief Financial Officer BUILDERS MORTG!;E COMPANY LLC e 646 East River Rd Anoka, MN 55303 (763 )-323-0820 (763)-323-9105 (Fax) Construction Loan Svecialists f'or Professional Builders 14300 Nicollet Court, #200 Burnsville, MN 55306 (952) 898-1110 (952) 892-6555 (Fax) December 7, 2001 City of Albertville 5975 Main Avenue N.E. P.O. Box 9 Albertville, MN 55301 Re: Koiiville Estates - Leuer-Munsterteiger Properties, Inc. Re: AMENDMENT Our Irrevocable Letter of Credit No.5669-700-DI Dated: July 27,2000 Ladies and Gentlemen: Builders Mortgage Company LLC hereby amends Irrevocable Letter of Credit No. 5669-700-01 Dated: July 27, 2000, as follows: 1. The amount of the above referenced Irrevocable Letter of Credit is hereby reduced from $55,000.00 U.S. to $27,500.00 U.S. All other terms and conditions remain without change. Very truly yours, BUILDERS MORTGAGE COMPANY LLC (~~ Patricia Filip Chief Financial Officer