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1 . The date for completion of the required improvements as outlined in <br /> the Modification to Contract for Construction of Required Improvements No. SD- <br /> 04- 10-48-CFC (2004020225-48531 ) is extended to March 13 , 2008 . <br /> 2 . The consideration for this extension is that the National City Bank <br /> (formerly known as Harbor Federal Savings Bank) Irrevocable Letter of Credit <br /> No . 449 in the original amount of $3 ,262 ,438 . 69 be amended to extend the <br /> expiration date to June 13 , 2008 , otherwise this modification shall be null and <br /> void . <br /> 3 . All other terms set out in the Contract for Construction of Required <br /> Improvements No . SD-04- 10-48-CFC (2004020225-48531 ) , as modified , remain <br /> in full force and effect . <br /> IN WITNESS WHEREOF , the parties hereto have set their hands and <br /> seals on the day and year first above written . <br /> ASHLEY LAKES NORTH , LLC , a <br /> Signed in the presence of: Florida limited liability company <br /> OPER <br /> Sign : cz� <br /> Print: Ctarra Coros3rf6By: ��Ae <br /> I L Mk Acker an <br /> Sign : �( � anaging ember <br /> Print : <br /> INDIAN RIVER COUNTY, FLORIDA <br /> by and through its Board of County <br /> Commissioners J' <br /> By: ala z <br /> Gary C ..ICGheeler, Chairman <br /> ATTEST: J . K. Barton , Clerk of Court <br /> BCC approved : 09 / 04 / 07 <br /> By : zanl . L <br /> Deputy Clerk <br /> APPROVED AS TO FORM <br /> AND L =DEBRAAL <br /> BYWILLIA . <br /> DEPUTY COUNTY ATTORNEY <br /> 2 <br /> F:Wttorney\Nancy\DOCSIPLAN12d MODIFICATION TO K for cons ashley lakes north.doc <br />