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Owner shall likewise, before the release of said map, furnish and <br />file with the City Clerk a bond or deposit securing the payment <br />by Owner of all bills for labor and materials incurred in the <br />construction of the Improvements and the doing of all other work <br />herein agreed to be done by Owner, with respect to the <br />Improvements. The amount of said security shall be One' Million <br />Seven Hundred Eighty Thousand and No/100 Dollars ($1,780,000.00). <br />The aforementioned security shall include, in addition to the <br />principal amounts, a guarantee of the payment of costs and <br />reasonable expenses and fees, including reasonable attorneys <br />fees, incurred by City in the event of successful enforcement of <br />such security. <br /> <br /> 3. HOLD HARMLESS. Owner shall protect, indemnify, and <br /> hold harmless the City, its Council, boards, commissions, <br /> officers, agents, and employees, from and against any and all <br /> liability, losses, damages, claims, causes of action, or actions <br /> arising out of any accident, occurrence or incident resulting <br /> from, or alleged to have resulted from the construction of any of <br /> the Improvements by Owner, the negligent performance of any <br /> contractual responsibility of Owner, or any negligent action of <br /> Owner undertaken by Owner as a result of, or in the furtherance <br /> of, such construction or other responsibility of Owner. Owner <br /> shall also protect, indemnify and hold harmless the above parties <br /> for any liability from and against claims and liability based <br /> upon the use of any patent or patented article by Owner in the <br /> construction of said work or Improvements. Owner's duty to <br /> defend and hold harmless shall include the responsibility to <br /> <br /> 4 <br /> <br /> <br />