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assumed by Developer under the terms of this Agreement, including, <br />but not limited to, the provisions of subsection (a) above. <br />18.8 In the event that Developer's insurance is cancelled, Developer will <br />provide replacement coverage or all work must cease as of the cancellation date <br />until replacement insurance coverage is provided. <br />19. Compliance with Laws. Developer will comply with all federal, state and <br />local laws, ordinances and regulations in the performance of this Agreement. Developer <br />will, at its own cost and expense, obtain all necessary permits and licenses for the Work, <br />give all necessary notices, pay all fees and taxes required by law and make any and all <br />deposits legally required by those public utilities that will serve the residential <br />development on the Property. Copies and/or proof of payment of said permits, licenses, <br />notices, fee and tax payments and deposits will be furnished to the City Engineer upon <br />request. <br />20. Encroachment Permits. Developer will obtain, at its sole cost and expense, <br />any encroachment permits required by City in order to perform the Work. <br />21. Payments. Developer agrees that it will pay, when due, all those furnishing <br />labor or materials in connection with the Work. Developer further agrees that pursuant to <br />Government Code section 66499.7, the payment security provided by Developer in <br />accordance with Subsection 13.1 of this Agreement will not be released if any mechanics <br />liens or stop notices are outstanding, unless said liens are released by bond in compliance <br />with Civil Code section 8424. <br />22. Notice of Breach and Default. The occurrence of any of the following <br />constitutes a breach and default of this Agreement: <br />22.1 Developer refuses or fails to complete the Work within the time set <br />forth herein or abandons the Work. <br />22.2 Developer assigns the Agreement without the prior written consent <br />of City. <br />22.3 Developer is adjudged bankrupt or makes a general assignment for <br />the benefit of creditors, or a receiver is appointed in the event of Developer's <br />insolvency. <br />22.4 Developer or Developer's contractors, subcontractors, agents or <br />employees, fail to comply with any terms or conditions of this Agreement. <br />22.5 Any delay in the construction of any portion of the Work or repairs, <br />which in the reasonable opinion of the City Engineer, endangers public or private <br />property. <br />City may serve written notice of breach and default upon Developer and the financial <br />institution holding the securities. <br />REV: 01-06-2021 PR <br />ATTY/AGR.2021.003/Pinn Bros (Page 11 of 22) <br />