Sec. 64.057. EFFECT OF ENFORCEMENT. The enforcement of an assignment of rents by a method provided by Section 64.054 or 64.055 , the application of proceeds by the assignee under Section 64.059 after enforcement, the payment of expenses under Section 64.058 , or an action under Section 64.060 does not: (1) make the assignee a mortgagee in possession of the real property from which the rents arise; (2) make the assignee an agent of the assignor; (3) constitute an election of remedies that precludes a later action to enforce the secured obligation; (4) make the secured obligation unenforceable; (5) limit any right available to the assignee with respect to the secured obligation; or (6) bar a deficiency judgment under any law of this state governing or relating to deficiency judgments following the enforcement of any encumbrance, lien, or security interest.
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