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C. The balance of the proceeds of the Bonds shall be transferred to the Impact Fee Trust Fund to be used for the expansion of the wastewater treatment system of the County, including without limitation the reimbursement of the County for the costs of certain sewer line extensions and a certain low pressure grinder pump sewer system in connection with the Rockridge Wastewater System and the acquisition and construction of the Rockridge Wastewater System. SECTION 18. REMEDIES. Any Registered Owners or any trustee acting for such Registered Owners may, by suit, action, mandamus or other proceedings in any court of competent jurisdiction, protect and enforce any and all rights, including the right to the appointment of a receiver, existing under the laws of the State of Florida, or granted and contained herein, and may enforce and compel the performance of all duties herein or by any applicable statutes required to be performed by the County or by any officer thereof, including the collection of the Assessments. SECTION 19. DEFEASANCE. If at any time the County shall have paid, or shall have made provision for payment of, the principal, interest and premiums, if any, with respect to any of the Bonds, then, and in that event, the pledge of and lien on the Pledged Funds in favor of the Registered Owners of such Bonds shall be no longer in effect. For purposes of the preceding sentence, the deposit of Federal Securities, bank certificates of deposit fully secured as to principal and interest by Federal Securities, or investment agreements with banks or insurance companies rated not less than AA or As. by Standard & Poor's Corporation or Moody's Investors Service, respectively, and similarly secured (or the deposit of any other securities or investments which may be authorized by law from time to time and sufficient under such law to effect such a defeasance) in irrevocable trust with a banking institution or trust company, for the sole benefit of the Registered Owners of such Bonds, the principal of and interest on which will be sufficient to pay, when due, the principal, interest and premiums, if any, on such Bonds, shall be considered "provision for payment". Nothing in this section shall be deemed to require the County to call any of the outstanding Bonds for redemption prior to maturity pursuant to any applicable optional redemption provisions, or to impair the discretion of the County in determining whether to exercise any such option for early redemption. SECTION 20. MODIFICATION OF RESOLUTION. No adverse material modification or amendment of this Resolution, or of any resolution amendatory hereof or supplemental hereto, may be made without the consent in writing of the Registered Owners of 518 or more in aggregate principal amount of the Bonds then outstanding affected by such adverse material modification or amendment; provided, however, that no modification or amendment shall permit a change in the maturity of any Bonds or a reduction in the rate of interest thereon or in the amount of the principal obligation thereof, or affect the unconditional - 25 -