Maryland Code § CL-24-405

Section CL-24-405
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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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