The SE has tires that are, at best, H rated. While that's good for 130 MPH, I doubt Ford wants the liability for anyone that tries to get there. 110 is awfully fast for public roads. I wouldn't be surprised if it's got a limiter at 110; it's not marketed as a performance car.
PS I'll find out where the limiter is on mine and post up.
PS I'll find out where the limiter is on mine and post up.