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§ 24-405. Rights of mortgagee.

MD Comm L Code § 24-405 (2019) (N/A)
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A request by a mortgagee for the appointment of a receiver, the appointment of a receiver, or the application by a mortgagee of receivership property or proceeds to the secured obligation does not:

(1)    Make the mortgagee a mortgagee in possession of the real property;

(2)    Make the mortgagee an agent of the owner;

(3)    Constitute an election of remedies that precludes a later action to enforce the secured obligation;

(4)    Make the secured obligation unenforceable; or

(5)    Limit any right available to the mortgagee with respect to the secured obligation.

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§ 24-404. Property acquired after appointment of receiver.
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