Hello RMendez, It is very important for you to know that sometimes, it is necessary to install previous BIOS versions before updating to the latest one.
BIOS version 0053 is the original or the initial BIOS on this specific board. There are 11 newer versions.
Please check the BIOS Update Release Notes locate on the following link. It will show you the fixes included on each BIOS version. http://downloadmirror.intel.com/22825/eng/EB_0101_ReleaseNotes.pdf
I would recommend you to try the following BIOS versions, before installing the latest one. Use minimal configuration while doing the installations.
Feel free to install any other BIOS version you think you would need. then please let me know if you were able to install the latest BIOS.
You can also remove the CMOS battery and leave the system without it for about an hour. Then put it back on and restart the system.