This course devoted class time to the mortgage process and to the use of a deed as an instrument designed to transfer ownership of property.In addition, the deed is used to secure the property as the collateral for a real estate loan. 1. Define lien theory to include which party holds title to the property.2.Define title theory to include your understanding of naked title and the role of the trustee.3.Explain your understanding of a mortgage and the role its plays with regard to the promissory note.4.In your opinion, which theory (lien or title)better protects the lender?Why?