Utah Code Title 57. Real Estate § 57-26-111. Effect of enforcement

(1) make the assignee a purchaser in possession of the real property;

(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;

(6) limit, waive, or bar any foreclosure or power of sale remedy under the security instrument;

(7) violate Section 78B-6-901; or

(8) bar a deficiency judgment pursuant to any law of this state governing or relating to deficiency judgments following the enforcement of any encumbrance, lien, or security interest.