714.25 Effect of enforcement by mortgagee.
98 words·~1 min read·
/fl/title-xl/chapter-714/714-25·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
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 which precludes a later action to enforce the secured obligation;
(4)Make the secured obligation unenforceable;
(5)Limit any right available to the mortgagee with respect to the secured obligation; or
(6)Constitute an action under chapter 702.