Kimbrell’s Furniture Co. sold a new television set and tape player to Charlie O’Neil and his wife. Each purchase was on credit, and in each instance, a security agreement was executed. Later on the same day of purchase, O’Neil carried the items to Bonded Loan, a pawnbroker, and pledged the television and tape deck as security for a loan. Bonded Loan held possession of the television set and tape player as security for its loan and contended that its lien had priority over the unrecorded security interest of Kimbrell. Who had priority? [Kimbrell’s Furniture Co. v Sig Friedman, d/b/a Bonded Loan, 198 SE2d 803 (SC)]