Question 16 A judgment creditor can obtain an Abstract of Judgment (a form issued by the court clerk) and record it in counties where the judgment debtor may have real property. If the borrower sells real property in a county where the abstract is recorded sale proceeds will be used to pay off all or part of the judgment ahead of the judgment debtor receiving any sale proceeds. True False Question 17 Furniture, fixtures and equipment of a borrower cannot be the object of a security interest. True False Question 18 A lien gives the lienholder rights in property that can be exercised in the event of default. True False Question 19 Security agreements are used in personal property transactions while deeds of trust are used in real property transactions. True False Question 20 Even if a prior lender has a security interest in after-acquired property of a borrower a later lender who gives notice of a new loan to the prior lender can obtain a first priority security interest in the after-acquired goods being purchased with the new loan. True False