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					                       (MUST BE ON BANK LETTERHEAD)

               IRREVOCABLE STANDBY LETTER OF CREDIT #


ISSUANCE DATE: DATE


ISSUING BANK                                        APPLICANT
NAME OF BANK AND ADDRESS                            NAME OF DEVELOPER AND
                                                    ADDRESS


BENEFICIARY                                         AMOUNT
York County Engineering Department                  LETTER OF CREDIT AMOUNT
6 South Congress Street
York, SC 29745

EXPIRATION DATE:
DATE (THIS MUST BE GOOD FOR TWO YEARS)




At the request and for the account of DEVELOPERS NAME AND ADDRESS HERE,
we hereby issue our Irrevocable Standby Letter of Credit in your favor in the aggregate
amount up to US $ AMOUNT IN NUMBERS AND WORDS, available by your draft(s)
at sight drawn on us, signed by an authorized officer of the York County Engineering
Department and presented for payment at our counters at our office at ISSUING BANKS
NAME AND ADDRESS HERE, when accompanied by the following documents:

   1. York County’s statement, signed by the authorized officer of York County
      Engineering Department, stating that: DEVELOPERS NAME failed to comply
      with the Road Surface Course Guarantee Fund and the Maintenance Guarantee
      Fund for the improvements associated with the SUBDIVISION NAME in a
      timely manner; “and

   2. The original of this Letter of Credit with original amendments, if any.
This Letter of Credit and right to draw hereunder is not transferable by York County.
Except as otherwise expressly stated herein, this Letter of Credit is subject to the Uniform
Customs and Practice for Documentary Credits, 1993 Revisions, ICC Publication
Number 500. This Letter of Credit shall be deemed to be a contract made under the laws
of the State of North Carolina and shall, as to matters not governed by such Publication
Number 500, be governed by and construed in accordance with the laws of the YOUR
STATE HERE.



Sincerely,


SIGNATURE AND TITLE OF BANK REPRESENTATIVE

				
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