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the right to the appointment of a receiver, existing under the <br />laws of the State of Florida, or granted anti contained herein, <br />and may enforce and compel the performance of all duties herein <br />required or by any applicable statutes to be performed by the <br />County or by any officer thereof, including the collection of tt:e <br />Assessments. <br />SECTION 19. DEFEASANCE. If at any time the County <br />shall have paid, or shall have made provision for payment of, the <br />principal, interest and redemption premiums, if any, with respect <br />to the Bonds, then, and in that event, the pledge of and lien on <br />the Assessments in favor of the Registered Owners shall be no <br />longer in effect. For purposes of the preceding sentence, depo- <br />sit of Federal Securities or bank certificates of deposit fully <br />secured as to principal and interest by Federal Securities (or <br />deposit of any other securities or investments which may be <br />authorized by law from time to time and sufficient under such law <br />to effect such a defeasance) in irrevcaable trust with a banking <br />institution or trust company, for the sole benefit of the <br />Registered Owners, the principal of and interest on which will be <br />sufficient to pay; when due the principal, interest, and redemp- <br />tion premiums, if any, on the outstanding Bonds, shall be con- <br />sidered "provision for payment." Nothing in this section shall be <br />deemed to require the County to call any of the outstanding Bonds <br />for redemption prior to maturity pursuant to any applicable <br />optional redemption provisions, or to impair the discretion of <br />the County in determining whether to exercise any such option for <br />early redemption. <br />SECTION 20. MODIFICATION OF RESOLUTION. No material <br />modification or amendment of this resolution or of any resolution <br />amendatory hereof or supplemental hereto, may be made without the <br />consent in writing of the Registered Owners of 51% or more in <br />aggregate principal amount of the Bonds then outstanding affected <br />by such material modification or amendment; provided, however, <br />that no modification or amendment shall permit a change in the <br />-24- <br />