21 years ago, Owens purported to sell Greenacre to Able for $1,000 cash. Greenacre Is a parcel of unimproved mountain land that is inaccessible by road during six months of each year due to snow. Owen gave Abel a deed that granted green acre to enable in fee simple and contain all warranties of title. Abel did not have a title examination made. Able immediately recorded his deed and obtained an unsecured loan from a bank. He used the funds to build a vacation cabin on the land. Unknown to Abe, Owens grandmother was the true sole owner of Greenacres. Since the time of the purported transfer, Abel has paid taxes on green acre and lived in the cabin for one month of each summer. The cabin and land have otherwise been unoccupied. Bank placed a metal sign on the land at the time the cabin was built that read. " built by able with financing from bank, the sign has remained in place ever since.

Five years ago, oh borrowed $5000 from Charlie. Three years ago, Owen's grandmother died leaving green acres to Owen by will. Recently, Charlie induced Owens to deed green acres to him in full satisfaction of the $5000 debt, which was then 3 1/2 years past due. Charlie had no actual knowledge of Abels claim to green acres. Owens grandmother had no knowledge of the purported transfer to able or of Ables activities on Greenacres. Title searches in the state are customarily made in the grantor or grantee indexes of official records. The recordings statute reads: any unrecorded conveyance is deemed void as against a subsequent taker of value without notice. Discuss the rights of all parties to Greenacre.