1 point A man purchases a fee simple property for $70,000 by way of assuming a first mortgage of $50,000, paying $10,000 in cash and having the seller take back a purchase-money second mortgage for the balance. There is an existing $5,000 second mortgage on the property. At the close of escrow, what is the correct order in which to record the documents? OA. The assumption mortgage, the deed, the purchase-money second mortgage. B. The deed, release of existing second mortgage, assumption agreement, purchase-money mortgage. Oc. The purchase-money second mortgage, the deed D. The release of existing second mortgage the deed, the purchase-money second mortgage O B