Gerhard tired of his job as a mechanic for a large trucking corporation and decided to go into business for himself. He rented a small commercial space and went into business as an auto mechanic, and also made a few sales in auto parts. Gerhard was a good mechanic and a great salesman, but a horrible bookkeeper, and he soon was unable to meet his expenses. Generic Motors, Inc., from whom he had purchased auto parts wholesale, obtained a judgment against him for $4,000 and promptly and properly recorded that judgment in the County of Cork. By statute, a judgment lien is valid against any after-acquired property of the debtor. Gerhard had no assets, and although he obtained a job at a service station, he was unable to make any payments to Generic on its judgment. Gerhard moved to another city and opened another small auto shop on rented premises, with the same unfortunate result collapse followed by a judgment in favor of Snappy Auto Parts Company in the amount of $3,000. Snappy recorded its judgment in the County of Cork. After a few more years as a wage slave, Gerhard decided to give self-employment one more chance. He had thought long on his past problems and concluded that he needed to own his own premises rather than rent. He persuaded his Uncle Max to lend him $30,000 to purchase a small lot and building in the dilapidated wharf area of the city; Max insisted that Gerhard execute a promissory note and mortgage in Max's favor. Max promptly recorded the mortgage in the Co