In a chain of title where an investor's friend did not record a mortgage on a vacant lot, and the buyer buys the lot for value without notice and later learns of the mortgage, whose lien is enforceable in a notice jurisdiction?

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Multiple Choice

In a chain of title where an investor's friend did not record a mortgage on a vacant lot, and the buyer buys the lot for value without notice and later learns of the mortgage, whose lien is enforceable in a notice jurisdiction?

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