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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-03-07- 18- <br /> CFC/PL5 (2001050202-46471 ) is extended to January 12 , 2007 . <br /> 2 . The security (a Bank of America , N .A. Irrevocable Standby Letter of <br /> Credit) will need to be in place by July 12 , 2006 and prior to recordation of the <br /> plat and will require an expiration date of April 12, 2007 . <br /> 3 . All other terms set out in the Contract for Construction of Required <br /> Improvements No. SD-03-07- 18-CFC/PL5 (2001050202-46471 ) remain in full <br /> 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 /> INDIAN RIVER ASSOCIATES II , LLLP , <br /> a Florida limited liability limited <br /> partnership <br /> By: INDIAN RIVER II CORPORATION , <br /> a Florida. corporation <br /> GF_ NERALPARTNER <br /> BY <br /> N . aria z <br /> Vice President <br /> INDIAN RIVER COUNTY, FLORIDA <br /> by and through its Board of County <br /> Commissioners <br /> B : <br /> Arthur R. Neu rg , Chairma <br /> approved : Tune 20 , 2006 <br /> ATTEST: J . K . Barton , Clerk of Court 10 <br /> Deputy Clerk <br /> APPROVED AS TO FORMA J/ <br /> LEGA FICIE7CY <br /> t <br /> illiam G . Collins II <br /> 1 ,P County Attorney <br /> 2 <br /> F:\Attorney\Nancy\DOCS\PLAMMODIFICATON K falcon trace 5.doc <br />