| 6. Judicial Enforcement. Under subsection (a) [Maine cite |
| subsection (1)] a secured party may reduce its claim to judgment |
| or foreclose its interest by any available procedure outside this |
| Article under applicable law. Subsection (e) [Maine cite |
| subsection (5)] generally follows former Section 9-501(5). It |
| makes clear that any judicial lien that the secured party may |
| acquire against the collateral effectively is a continuation of |
| the original security interest (if perfected) and not the |
| acquisition of a new interest or a transfer of property on |
| account of a preexisting obligation. Under former Section 9- |
| 501(5), the judicial lien was stated to relate back to the date |
| of perfection of the security interest. Subsection (e) [Maine |
| cite subsection (5)], however, provides that the lien relates |
| back to the earlier of the date of filing or the date of |
| perfection. This provides a secured party who enforces a |
| security interest by judicial process with the benefit of the |
| "first-to-file-or-perfect" priority rule of Section 9-322(a)(1) |
| [Maine cite section 9-1322, subsection (1), paragraph (a)]. |