Maryland Statutes
Subtitle 4 - Effect of Receivership
Section 24-405 - Rights of Mortgagee

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.