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NORWESr BANKS <br />February 12th, 1996 <br />City of Orono <br />Attn: Finance Director <br />P.O. Box 66 <br />Crystal Bay, MN 55323 <br />Norwest Bank Minnesota, N.A. <br />Private Banking <br />goo East Wayzata Boulevard <br />Wayzata, Minnesota 55391 <br />Re; Septic improvements at 1473 Bay Ridge Road, Orono. I hereby assign to and <br />relinquish control of savings certificate number 3 6) 0 m <br />the amount of $15,000, as issued by Norwest Bank Minnesota, N.A. to ins e the <br />completion of septic improvements by the Completion Date of � 31q 6 <br />as stated in the Septic System Upgrade Agreement. Said savings certificate is held <br />in safekeeping by Norwest Bank Minnesota, N.A. at 900 East Wayzata Boulevard, <br />Wayzata, MN 55391. <br />The City of Orono may draw upon these funds at any time up to six months after <br />the completion date specified above by providing a signed statement to Norwest <br />Bank Minnesota, N.A. in Wayzata by an authorized official of the City of Orono, <br />Minnesota, stating that Thomas R. McCune has failed to perform in accordance <br />with the terms of the epti System Upgrade Agreement with the City of Orono, <br />Minnesota dated � 1 Z 0 <br />Ike <br />Thomas R. McCune <br />IL---Y'Y L( <br />Harry Cunliffe - Private Banker <br />Norwest Bank Minnesota, N.A. <br />Date: <br />Date: 20 Z17 6 <br />