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abunting abunting
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6 years ago
The following series of events/transactions occurred on Bert Easley's ranch: March 3, 2010 - Bert buys the ranch for 900,000; gives a mortgage to First Interstate Bank (FIB) to secure the loan April 12, 2012 - Bert gives First Federal (FF) a new mortgage (lower rate); FF pays off the FIB loan balance August 17, 2014 - Bert installs wind power equipment and signs a security agreement with WP3 (the wind power seller); WP3 does not record a financing statement If Bert defaults, what is the order of the creditor priorities?
 A) FIB, FF, WP3
 B) WP3, FF
 C) WP3, FIB, FF
 D) FF, WP3
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Babygirl0804Babygirl0804
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6 years ago
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abunting Author
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6 years ago
Correct Slight Smile TY
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Thanks for your help!!
shangshang
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Helped a lot
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