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TUI QueSUUNU 1 point A man purchases a fee simple property for $70,000 by way of assuming a first mortgage of $50,000, paying $10,000 in

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TUI QueSUUNU 1 point A man purchases a fee simple property for $70,000 by way of assuming a first mortgage of $50,000, paying $10,000 in cash and having the seller take back a purchase-money second mortgage for the balance. There is an existing $5,000 second mortgage on the property. At the close of escrow, what is the correct order in which to record the documents? O A. The assumption mortgage, the deed, the purchase-money second mortgage. . The deed, release of existing second mortgage assumption agreement, purchase-money mortgage. C. The purchase-money second mortgage, the deed The release of existing second mortgage, the deed, the purchase-money second mortgage

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