An owner of real property borrowed money from a lender. As security for the owner's promise to repay the loan, the owner granted the lender a mortgage on the real property. The lender promptly recorded the mortgage. The owner subsequently defaulted on the loan. The lender delayed bringing suit to enforce the loan obligation. As a consequence, the owner was able to successfully assert the statute of limitations as a defense to the suit. If the lender now seeks to foreclose on the mortgage, will the lender likely prevail