If the following liens are outstanding on a real estate property: A. B. C. First Mortgage Second Mortgage (Equity Line) Contractors Mechanics Lien $195,000 recorded 1-15-2012 $50,000 recorded 6-10-2013 $20,000 recorded 8-10-2014 Which of the above lien can institute mortgage foreclosure proceedings in the event of non payment? In the event of a foreclosure sale on the above property which results in net proceeds from the sale of $190,000, how much will each of the lien holders receive? 2. A. 3. B. 4. C