King Textile Company (KMC) got a mortgage from Thrifty Southern Bank (TSB) to purchase a new textile manufacturing facility. KMC dumped excess chemicals from the process in a man-made pond behind the building. This practice contaminated the property. If KMC was successfully sued by citizens who were affected by the fumes from the chemical dump and thereafter fell behind on their payments to TSB, which then foreclosed on the mortgage and took the factory property, would TSB be liable for cleanup costs of the contaminated land?

Multiple Choice

No, because it was an innocent landowner.

No, because it did not contaminate the property.

No, because it was a secured creditor.

Yes, because it owns the property.