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� <br />A Subsidiuy of <br />�L�NmE�rn <br />Frontier FinanelN Corpontion <br />t.w unaps� <br />July 11. 1985 <br />STAND-BY LETTER OF CRBDIT N0. 16541 <br />City of S�rerett <br />3200 Cedar Street <br />L+verett, WA 98201 <br />Attn: City Engineer <br />Dear 51rs: <br />We hereby eetablieh our Stand-Sy Letter of Credit No. 16541 in your favor for <br />the accoia►t of Sunrise View Convaleacent Center, 2520 Madieon, Everett, Waeh- <br />ington, 98203, and undertake to honar your draft, at sight on us, not �xceeding <br />$22.339. <br />We will honor drafte not to exceed the total of $22,339.00 if presented to us <br />prior to July 11, 198u, and if accompanied by your eigned certification that <br />Sunrise Viev Convalescent Center hae failed to comply with the terms and <br />conditione of Ordinance P]o. 555-78 (Street Improvements) of the City of Everett. <br />Presentation of the letter must be at the offices of Frontier Bank, 6623 Ever- <br />green Way, Everett, WA 98203. This Letter of Credit expires July 11, 1986 at <br />the t�iain Office of Fruntier Bank, 6623 Evergreen Way, Everett. WA 98203. <br />We hereby agree that drafta drawn strictly in compliance with the terms of this <br />credit and any amendmente [hereto shall be honored upon presentation. <br />To the extent applicable hereto, this credit is aubject to the uniform cuetome <br />and practice for documentary credits (1974 reviaion) Internationa7 Chamber of <br />Commerce Publication No. 290. <br />� «�y. <br />C �L e E. Ryan <br />ice Preeident <br />Manager <br />Main Otfice • 8623 Everpreen Wav • P.O. Bor. 2215 • Everett, Waehington 98203 •(208) 347�Ofi00 <br />��:. x� �1'�.:.j <br />