ZAGEL, District Judge.
Two banks disagree over creditor priority in connection with a mortgage. Cort and Lisa Jones, the debtors underlying this dispute ("Debtors"), unsurprisingly take no position in this matter.
I. BACKGROUND
On November 1, 2004 Peoples National Bank ("Peoples") extended Debtors a loan for $214,044.26 ("Peoples Loan 1"). This loan was secured by certain real property in a mortgage dated the same day and recorded on November 5,...
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