26.4. You had never intended to get so intimately involved in debtorcreditor relations, but a friend needs to borrow $100,000 from you. She is willing to give you a second mortgage against the house she recently bought for $1.2 million. The house is subject to an $800,000 first mortgage and appears to be easily worth more than $900,000. a. If your friend defaults on the $100,000 loan and you have to look to the house for repayment, what will you do? b. Will taking that action ensure recovery of your $100,000 ? c. What will happen if your friend makes the payments on your mortgage, but defaults in payments under the first mortgage? d. Can you protect yourself against default under the first mortgage by a provision in your loan or mortgage agreement