Barton Owns a Large Property Called Greenfield Worth $1 Million

Barton owns a large property called Greenfield worth $1 million.On August 24,in order to put his daughter through university,he takes out a loan with Primus Bank for $100 000.Prima registers the mortgage on September 18.On September 16,Barton takes a subsequent mortgage on Greenfield with Nether Bank for $800 000 in order to expand his business.Nether registers on September 17.By November,Greenfield is worth only $700 000.If Nether forecloses on Barton in November,which of the following is likely to happen?

A) Both parties will be repaid in full.
B) Primus will be paid in full because the mortgage was created first and Nether will get the remainder.
C) Neither will be paid in full.
D) Nether will be paid in full because the mortgage was registered first.
E) Each party will receive a portion of their mortgage back equivalent to the new value of Greenfield.