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CCB
ComMuUNITY BANK
AMMENDMENT to IRREVOCABLE STANDBY LETTER OF CREDIT #244
October 30, 2013
RE: DEVIN N JONES AND KHADER A DAOUD
Beneficiary: OKALOOSA COUNTY BOARD OF COMMISIONERS
1804 Lewis Tuner Blvd.
Ft. Walton Beach, FL 32547
At the request of Mossy Oak Plantation, Phase II, located on Hwy 4, Baker, FL, we hereby amend our
irrevocable standby letter of credit reference number #244 in the amount of SEVENTY-FOUR
THOUSAND AND 00/100 DOLLARS ($74,000.00) USD; the facility became effective July 15, 2013
and is set to expire July 15, 2015. The expiration date will be extended to November 5, 2015.
Co.
Alan Wood, Florida President 7
1290 N. Ferdon Blvd. Crestview, FL 32536-1751 (850) 682-0484 www.bankccb.com
CCB
NDBY F CREDIT
Community BANK IRREVOCABLE STA LETTER O
July 15, 2013
RE: DEVIN N JONES AND KHADER A DAOUD
Beneficiary: OKALOOSA COUNTY BOARD OF COMMISIONERS
1804 Lewis Tuner Blvd.
Ft. Walton Beach, FL 32547
At the request of Mossy Oak Plantation, Phase II, located on Hwy 4, Baker, FL, we hereby issue our
irrevocable standby letter of credit reference number #244 that became effective July 15, 2013 and
expiring July 15, 2015.
This credit is for an amount or amounts not to exceed in the aggregate amount of SEVENTY-FOUR
THOUSAND AND 00/100 DOLLARS ($74,000.00) USD $74,000.00 and subject to the following:
The purpose of this irrevocable letter or credit is to serve as a defect security bond to Okaloosa County
to assure the viability of the roadways, storm water drainage, retention areas, and all county
maintenance areas completed by Developer on July 15, 2015.
We hereby agree that all drafts drawn under and in compliance with the terms of this credit will be duly
honored on deliver of documents as specified if presented at our counters on or before the new
expiration date indicated above.
When presenting your draft(s) and documents or when communicating with us, please make reference
to our number shown above.
Demand for payment must be in writing and must include a signed affidavit from the county engineer
stating violations evidencing noncompliance with county specifications and ordinances.
Drafts drawn under this credit must be endorsed, must contain the clause “drawn under CCB Letter of
Credit No. 244, dated July 15, 2013” and must be accompanied by proof of default and the original of
this credit.
All documents to be presented to CCB, 1290 N. Ferdon Bivd., Crestview, FL 32536.
This letter of credit is subject to the international standby practices (ISP(*) which was effective January
1, 1999.
I
Kevin T. Duffy, Vice el
Z
225 East Three Notch Street PO. Box 400) Andalusia, AL 36420 (334) 222-2561) wwwbankecb.com