Hypothetical: Property located in Arizona. The Promissory Note was made in Iowa and has an Iowa choice of law provision. The Deed of Trust has an Arizona choice of law provision with respect procedural matters and enforcement of the lender's rights against the property.

The property is less than 2.5 acres and is utilized as a single one or two-family dwelling. Should the lender choose to foreclose on the property in Arizona, the anti-deficiency statutes would apply. Iowa does not have an anti-deficiency statute. Can the lender sue on the note in Iowa instead of foreclosing on the deed of trust in Arizona to avoid the Arizona anti-deficiency statutes?