Utah Code Title 78B. Judicial Code § 78B-21-125. Effect of enforcement by mortgagee

(a) make the mortgagee a mortgagee in possession of the real property;

(b) make the mortgagee an agent of the owner;

(c) constitute an election of remedies that precludes a later action to enforce the secured obligation;

(d) make the secured obligation unenforceable;

(e) limit any right available to the mortgagee with respect to the secured obligation;

(f) constitute an action within the meaning of Section 78B-6-901; or

(g) except as otherwise provided in Subsection (2), bar a deficiency judgment pursuant to law of this state other than this chapter governing or relating to a deficiency judgment.