Effect of enforcement by secured party

765 ILCS 1090/25, under Illinois Receivership Act.

765 ILCS 1090/25

(765 ILCS 1090/25)     Sec. 25. Effect of enforcement by secured party. A request by a secured party for appointment of a receiver, the appointment of a receiver, or application by a secured party of receivership property or proceeds to the secured obligation does not:         (1) make the secured party a mortgagee in possession     of real property;        (2) impose any duty on the secured party under     Section 9-207 of the Uniform Commercial Code;         (3) make the secured party an agent of the owner;         (4) constitute an election of remedies that precludes     a later action to enforce the secured obligation;        (5) make the secured obligation unenforceable; or         (6) limit any right available to the secured party     with respect to the secured obligation.(Source: P.A. 104-34, eff. 1-1-26.)