Ramirez bought some used manufacturing equipment from Hurdle for $3,000, paying $1,000 in cash and the balance in a promissory note secured by a security agreement. Before Hurdle filed the financing statement, Ramirez used the equipment as collateral to obtain a loan from Allen, who immediately filed a financing statement. If Ramirez does not repay the loans, who has first priority in the equipment, Hurdle or Allen (IRAC not required)