A request by a mortgagee for appointment of a receiver, the appointment of a receiver, or application by a mortgagee of receivership property or proceeds to the secured obligation does not do any of the following:
(1) Make the mortgagee a mortgagee in possession of the real property.
(2) Make:
a. The mortgagee an agent of the owner, receiver, or mortgagor;
b. The owner an agent of the mortgagee, receiver, or mortgagor;
c. The receiver an agent of the mortgagee, owner, or mortgagor; or
d. The mortgagor an agent of the owner, mortgagee, or receiver.
(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 mortgagee with respect to the secured obligation.