Ok Last update. Again Patience is virtue. So I left the LV2 (part 2) in long enough for the second time (thought the first time was to short) and it did turn off. I turned it back on and I had a black screen then RSOD. I tried to go into recovery mode and it did react to the double beep. but it said: "Cannot start. The correct HDD was not found"
Then I found that my HDD was not seated well. No wonder I got a black screen the PUP was not loaded. Anyway I reseated the HDD and went in the RM. E voila. I was back in the menu of the RM. I proceeded to update with the same PUP. Had to reformat the HDD but that was done already so did not lose anything. I'm back in business. Thanks a lot guys to point me in the right direction. I really appreciate it. (Duh no need of an new PS3 now)
Thanks again gents. Play on !!