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surety bond in sufficient form and amount;or(c)provide other assurance satisfactory to City that the claim of lien or stop notice will be paid or discharged. 2.13 Construction Pursuant to Plans; Compliance with Laws; Prevailing Wages. The provisions of this Section 2.14 shall apply following Borrower's acquisition of the Property: (a) Borrower shall construct the Project in conformance with the plans and specifications approved by the City. (b) Borrower shall cause all work performed in connection with the Project to be performed in compliance with all applicable laws,ordinances,rules and regulations of federal,state, regional and local agencies now in force or that may be enacted hereafter, including without limitation and to the extent applicable, the prevailing wage provisions of the federal Davis-Bacon Act (40 USC 3141-3148) and implementing rules and regulations (collectively "Davis-Bacon"), pursuant to Section 4.2(12),and state prevailing wages pursuant to Labor Code Section 1770 et seq., and the regulations adopted pursuant thereto ("State Prevailing Wage Laws"). (c) Borrower shall indemnify, hold harmless and defend (with counsel reasonably acceptable to the City) the City against any claim for damages, compensation, fines, penalties or other amounts(including attorney's fees)arising out of the failure or alleged failure of any person or . entity(including the Borrower,its contractor and subcontractors)to comply with all applicable laws in connection with the construction ancVor operation of the Project, including without limitation,any failure to pay prevailing wages as determined pursuant to the prevailing wage provisions of the Davis-Bacon Act and State Prevailing Wage Laws in connection with the construction of the Project or any other work undertaken or in connection with the Property. The requirements in this Subsection shall survive repayment of the Loan and the reconveyance of the Deed of Trust. 2.14 Hazardous Materials. The provisions of this Section 2.14 shall apply following Borrower's acquisition of the Property: (a) Borrower's Obligations. Borrower hereby covenants and agrees that: (I) Borrower shall not knowingly permit the Property or any portion thereof to be a site for the use,generation,treatment,manufacture,storage,disposal or transportation of Hazardous Material (as defined in Section 2.14(c)(i) of this Agreement) or otherwise knowingly permit the presence or release of Hazardous Material in, on, under, about or from the Property with the exception of limited amounts of cleaning supplies and other materials customarily used in construction, rehabilitation, use or maintenance of residential properties similar in nature to the Property and any commercial uses developed as part of the Project,and used,stored and disposed of in compliance with Environmental Laws (as defined in Section 2.14(c)(ii) of this Agreement). (2) Borrower shall keep and maintain the Property and each portion thereof in compliance with,and shall not cause or permit the Project or the Property or any portion of either to be in violation of, any Environmental Laws. (3)Upon receiving actual knowledge of the same, Borrower shall immediately advise City in writing of: (i)any and all enforcement,cleanup,removal or other governmental or regulatory actions instituted, completed or threatened against the Borrower, or the Property pursuant to any 2220130.1 Page 10