Which of the Following Is Not True Regarding Second Mortgages

Multiple Choice

Which of the following is not true regarding second mortgages?

A) A second mortgagee ranks behind the first in priority.
B) A second mortgage does not convey the legal title to the mortgagee.
C) A mortgagor who wishes to give a second mortgage can only give an interest in the equity of redemption.
D) A second mortgagee's interest is in the fee simple.
E) In the event of a default and sale of the property, the second mortgagee is paid to the extent that there is a surplus after paying of the first mortgage.