Cornerstone letter of creditValley Bank of Kalispell
41 3rd Street West/PO Box 48
Kalispell, Montana 59901
(406)752-7123
L/C Number: 1295
RE: IRREVOCABLE COMMERCIAL STRAIGHT LETTER OF CREDIT
City of Kalispell
312 1 st Ave. East
Kalispell, MT 59901
Attention: Sean Conrad
Representative Title: Senior Planner
Phone:(406)758-7940
Sir, Madam:
Upon the request of Cornerstone Community Church, we, Valley Bank of Kalispell (the Issuing institution) have established this Irrevocable
Commercial Straight Letter of Credit in your (Beneficiary) favor, up to an aggregate amount of Thirty-six Thousand One Hundred Seventy-
seven and 08/100 Dollars ($36,177.08).
Payment to you will be made upon presentation of a sight draft drawn on us.
This Letter of Credit must be presented with your drawing. A draft must bear upon its face the statement "Drawn under Letter of Credit No.
1295." -
This Credit is not transferable. Any successor or assignee of the Beneficiary will not constitute a transferee of Credit.
We will honor a draft drawn and presented under and in compliance with the terms of this Letter of Credit if presented to us at our address set
forth above at or before November 16, 2010,
The Uniform Customs and Practice for Documentary Credits (hereinafter called the "UCP") as most recently published by the International
Chamber of Commerce (ICC) shall in all respects be deemed a part hereof as fully as if incorporated herein and shall apply to the Credit. This
Agreement shall be governed by and co stored in accordance with the laws of the state of Montana, United States of America, except to the
extent such laws are inconsistent with e UP.
Va Bank of Kalisp41
B osenbeTFon^- — ate
Its: President
0 2004-2007 Copyright Compliance Systems, Inc. 1 FF4-COB9 - 2007.01.68 v, ww.compliancesys1s,ns. Door
Three
Rivers
Bank
of Montana
Date: April 6, 2009
Three Rivers Banlz of Montazza is indepenteiAly owned and
locally operated and is a vital contributor of time, talent, and
resources to the communities we serve. We are dedicated to
enlianeing our shareholders value, and committed to makizrg our
work erivirourneut enjoyable, educational, and fulfilling.
IRREVOCABLE LETTER OF CREDIT
Letter of Credit No. 040609A
City of Kalispell
312 — 1 sc Ave. East
Kalispell, Montana 59901
Attention: Sean Conrad
Senior Planner
Kalispell Planning Department
Dear Mr. Sean Conrad:
We hereby establish in your favor our Irrevocable Letter of Credit # 040609A for the account
of Valley Bank of Kalispell, available by your drafts at sight up to an aggregate amount of
$74,256.16. Should Valley Bank of Kalispell default or fail to complete the improvements under
the terms specified. We shall pay on demand your sight draft or drafts for such funds, to the limit
of credit set forth herein, as are required to complete said improvements.
All drafts must be presented prior to 11/16/2010 and this Letter of Credit must accompany the
final draft for payment. Drafts drawn hereunder must be by sight draft marked:
This credit is subject to the most recent edition of the Uniform Customs and Practice for
Documentary Credits, published and copyrighted by the International Chamber of Commerce or
"the Uniform Commercial Code" #500.
Sincerely,
Sen or 4ice Pres�den
Greg A. F le
t
A. ergo =
SUSAN A. BIRDSILL
NOTARY PUBLIC MONTANA
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Residing at Marion, Monhana
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My Camm, Expires---L�
ATTEST:
Vice President/Cashier
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NOTARY PUBIC Iv11D iAN1A
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* g�;pr, � � Residing at Marlon, Montana
ofM1'� My Comm.Explres'���`
Subscribed and sworn
T,re me this .'? day of 1, 2C09
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No'tgry Public of the County of Flathead
My commission expires lc5
Residing atZ �, State of Montana
Subscribed and sworn
To before me on this__a day o ci,2009
Not ry Public of the County of Flathead
My commissiopn expires t5-35�t)
Residing atAU42-1�1 , State of Mo tana
233 E. Idaho • Y.O. Box 7250 • Kalispell, MT 59904-0250 • 406-755-4271 • Fix 4o6-257-0219 • 1-800-772-7968
552 N. Meridian B—k • Kalispell, MT 59901 • 406-755-54,32 • Fax 406-257-0212
1'ii_hszt*: www.threenvexshanizmontana.com
MEMBER F.D.LC.