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2000-10-17 LOC Amendment BUILDERS MORTGftE COMPANY LLC e Construction Loan Specialists for Professional Builders 646 East River Rd Anoka, MN 55303 (763)-323-0820 (763)-323-9105 (Fax) 14300 Nicollet Court, #110 Bumsville, MN 55306 (952) 898-1110 (952) 892~555 (Fax) October 17, 2000 City of Albertville 5975 Main Avenue N.E. P.O. Box 9 Albertville, MN 55301 Re: Kollville 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-DI Dated: July 27, 2000, as follows: 1. The amount of the above referenced Irrevocable Letter of Credit is hereby reduced from $543,800.00 U.S. to $55,000.00 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- 646 East River Rd Anoka, MN 55303 (763)-323-0820 (763)-323-9105 (Fax) Construction Loan Specialists for Professional Builders 14300 Nicollet Court, #110 Bumsville, MN 55306 (952) 898-1110 (952) 892:.&555 (Fax) October 17, 2000 City of Albertville 5975 Main Avenue N.E. P.O. Box 9 Albertville, MN 55301 Re: Kollville 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-DI Dated: July 27,2000, as follows: 1. The amount of the above referenced Irrevocable Letter of Credit is hereby reduced from $543,800.00 U.S. to $55,000.00 U.S. All other terms and conditions remain without change. Very truly yours, BUILDERS MORTGAGE COMPANY LLC Patricia Filip Chief Financial Officer