You are assisting in a real estate sale transaction. The title examination to the property reveals that there is a mortgage on the property from Sam Owner to Acme Loan Company in the amount of $100,000 and a mortgage on the property from Sam Owner to First Bank and Trust in the amount of $200,000. The contract for the sale of the property indicates that the purchaser is going to assume the $100,000 mortgage from Sam Owner to Acme Loan Company. You have been asked to prepare a title commitment in connection with the transaction. Would the mortgage from Sam Owner to Acme Loan Company appear on Schedule B-1 or Schedule B-2 of the title commitment? Would the mortgage from Sam Owner to First Bank and Trust appear on Schedule B-1 or Schedule B-2 of the title commitment?



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