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-26- <br />favor of the Registered owners until the money therein has been <br />® <br />applied in accordance with this resolution. <br />SECTION 17. REMEDIES. Any Registered owners or any <br />® <br />trustee acting for such Registered Owners, may by suit, action, <br />mandamus or other proceedings in any court of competent <br />jurisdiction, protect and enforce any and all rights, including <br />the right to the appointment of a receiver, existing under the <br />laws of the State of Florida, or granted and contained herein, <br />e• <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 the <br />Assessments. <br />SECTION 18. 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 irrevocable 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 19. MODIFICATION OF RESOLUTION. No material <br />-26- <br />