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1 . The date for completion of the required improvements as outlined <br /> in the Contract for Construction of Required Improvements No . SD-04- 10-48- <br /> CFC (2004020225-48531 ) is extended to September 13 , 2007 . <br /> 2 . The consideration for this extension is that the Harbor Federal <br /> Savings Bank Irrevocable Letter of Credit No . 449 in the original amount of <br /> $4 , 728 , 118 . 38 be amended to extend the expiration date to December 13 , 2007 , <br /> otherwise this modification shall be null and 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 ) remain in full force <br /> 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 /> DEVELOPER <br /> Print: By: <br /> ark Acker 'I <br /> Sign : � y Managing ember <br /> Print. : i -t4 <br /> INDIAN RIVER COUNTY, FLORIDA <br /> by and through its Board of County <br /> Commissioners <br /> By: 'f , L4') <br /> Gary heeler, Chairman <br /> ATTEST : J . K. Barton , Clerk of Court <br /> By: <br /> Deputy Clerk APPROVED AS TO FORM <br /> AND LEGAL SUFFICIENCY <br /> BY LC, <br /> WILLIAM G. COLLINS <br /> COUNTY ATTORNEY <br /> 2 <br /> F:\Attorney\Nancy\DOCS%PLAN\MODIFICATION TO K for cons ashley lakes north .doc <br />