Mortgagee May Own and Transfer Title to Leasehold

Without Regard to § 5133. Nothing in this Article shall prevent a mortgagee from foreclosing the interest of any mortgagor in default on a mortgage or deed of trust entered into as security for financing the improvement of a leasehold provided for by § 5133 of this Article. In the event of foreclosure or any proceeding in lieu thereof, including assignment of lease, the mortgagee may convey the leasehold and improvement to any buyer. Such conveyance shall not be subject to any of the restrictions of § 5133 of this Article.