ÿWPCn  ¯T÷S¿Ÿ„†' V1Ø¡„L Â#a ŠÜD-J<·QΨžYªmOÝÑF|øÚ¸ÁÀ—Ýøög6)Â}taÚï´òÿó¼ÛPTˆXEQ+I…vóc?ýô^„ÒIûAÄ8 VX³Ù¼ÆôKy­P”ù[8능€Öz¿åaSµKjV)L õp‘\í&çÚR›ø{ÐX:$Ú®‹®ìV—¹úö ãKÑòÓûLã;€àNèAè"vUs?šˆá.eeÅ VœÒk´vŒ´„N¹ÒÛ€à³Ë<}¿y~~Lˆk>Ù£AÀ`þÕ]ÌãÇgד*\´ ŒÕÁ»á#øÏÜb3#À}i<'j–¶c• í0W€>c%vlñP9PA‰¡Pp?CO9l -÷[ÃÏã‚ÿaãUžB[èD5ç²TR’òÉ赞%ˆ¹¯| ‰“tÍ÷*F˜x=ó§ÕONùךI'[º\¥eZañ²D¼8î‘ÑA€ñUÀîdöŒ7k¬ñ·l0™ëÕr» F9ÊÈ“^û—‡|ibÈ@—DøÛ'Æb²~xé`kp´¡ÄŒNÓU&ƒÈU#@üy |Õ•Êââ‡ÝÒð)-çÛ­XÉ)# >UNI %— 0(w@Å4(UN0 0l~ 0Dê`.ÆŽ 'T U:{ { { { { { { { { { { { { { { { AQµ B 0D# 0Dg 0D« « D/ï ï B D3; ˜HP LaserJet 4SiHPPCL5MS,ü,,,,,ü0nLhÎ(ÈhH  Z ‹6Times New Roman RegularX($¡¡ XUY Z [ \ ]^£_`Ó€ln~<$3|xl(ÈhH  Z 6Times New Roman Regular((3üÝ$¤¤Ý ƒ!ÝÝ  Ýà  àòòÚ  Ú0Ú  Úóó(#Ã$òòÚ  Ú0Ú  Úóó VÝ ƒ üÝ$Ýà  àòòÚ  Ú1Ú  ÚóóÝ  ÝTennesseeððs€race„notice€recording€statute€provides€as€follows:€€Ð ° ÐÒ°ÒÒ` °ÒÌÒ` ÒAny€of€such€instruments€first€registered€or€noted€for€registration€shall€haveÏpreference€over€one€of€earlier€date,€but€noted€for€registration€afterwards;€unless€itÏis€proved€in€a€court€of€equity,€according€to€the€rules€of€the€court,€that€the€partyÏclaiming€under€the€subsequent€instrument€had€full€notice€of€the€previousÏinstrument.ÌÌÒ°ÒÒ°ÒTenn.€Code€Ann.€ðð€66„26„105€(1993).ƒLevel 1Level 2Level 3Level 4Level 5 Ý ƒ!¯"ÝÝ  ÝÔ€X×óXXXÔÔ€'!XX×óÔÓ  ÓÔ Ad ÔFILEDÔ€X×óX'!ÔÐ  ÐÌò òOctober€7,€1998Ð šš ÐÌCecil€Crowson,€Jr.ÌÔ€ôè‚ôXX×óÔAppellate€Court€Clerkó ó,c½¬AZ‹"Arial Regular !"#%Cþÿ<< Cÿÿ d(3¯$¢¢Ý ƒ!ÝÝ  Ý(3¯$££Ý ƒ!ÝÝ  Ý($$””ò òÚ  Ú1Ú  Úó ó'''÷ÿ dxdüÿP Pd 'ÿÿdxdÝ ƒ!ÝÝ  Ýñ`ñ›ñ`ñÑTR[  AØ'ÿ Legal3Ø' AØ'ÿ Legalÿ3Ø'TÑÓ'°,X°À”X°œX'Óò òñlññ`ñßr€(<,(j 8` `€€@Eȱ` ttx$°ð Õrßñ`ññlññ`ñ›ñ`ñà@O O ìàIN€THE€COURT€OF€APPEALS€OF€TENNESSEE,€ˆÐ ° Ðà@kk%ìàAT€JACKSONó óˆÐ œì Ðà@. . ìà_______________________________________________________ˆÌà À à)Ìò òATS,€INC.ó ó,à À à)à  àShelby€County€Chancery€CourtÐ `° Ðà À à)à  àNo.€108159„3€R.D.Ð P   Ðñlñœßt€(>.*jxú½` `€€@EÛù ` ttx$< ð ‘ tß›ñlñ€€€€€Plaintiff/Appellantà À àœ)Ð < Œ Ðà À à)ÌVS.à À à)›Ð  d Ðà À à)Ìò òJAMES€CURTIS€KENT€and€GEORGE€ó óà À à)Ð ì <  Ðò òV.€KENNEY€and€BILL€R.€à À àó ó)ò òÐ Ü,  ÐMcLAUGHLIN,€Trustees€for€UNIONó óà À à)€Ð Ì  Ðò òPLANTERS€NATIONAL€BANK,ó óà À à)Ð ¼  Ðà À à)Ì€€€€€Defendants€and€Third€Party€à À à)Ð ˜è  Ѐ€€€€Plaintiffs/Appellees,à À à)Ð „Ô Ðà À à)ÌVS.à À à)Ð \¬ Ðà À à)à  àC.A.€No.€02A01„9802„CH„00038Ð H˜ Ðò òKEITH€M.€CANFIELD,à À àó ó)Ð 4„ Ðà À à)Ì€€€€€Third€Party€Defendant€andà À à)Ð ` Ѐ€€€€Cross„Plaintiff/Appellee,à À à)Ð üL Ðà À à)ÌVS.à À à)Ð Ô$ Ðà À à)Ìò òMID„SOUTH€TITLE€INSURANCEó óà À à)Ð ¬ü Ðò òCORPORATION€and€LAWYERSó óà À à)Ð œì Ðò òTITLE€INSURANCE€CORPORATIONó ó,à À à)Ð ŒÜ Ðà À à)Ì€€€€€Cross„Defendants„Appellees.à À à)Ð h!¸ Ð______________________________________________________________________________ÌÌFrom€the€Chancery€Court€of€Shelby€County€at€MemphisÌò òHonorable€D.€J.€Alissandratos,€Chancellor€ó óÐ %h # ÐÌÌò òHarold€D.€Mangrumó ó,€MANGRUM€&€MANGRUM,€Memphis,€TennesseeÐ Ü',#& ÐAttorney€for€Plaintiff/Appellant.ÌÌò òOscar€C.€Carr,€IIIó ó,€GLANKLER€BROWN,€PLLC,€Memphis,€TennesseeÐ ¤*ô%) ÐAttorney€for€Defendants/Third€Party„Plaintiffs/Appellees.ÌÌò òStephen€R.€Leffler,ó ó€Memphis,€TennesseeÐ l-¼(, ÐAttorney€for€Third€Party€Defendant/Cross„Plaintiff/Appellee.ÌÌò òR.€Mark€Gloveró ó,€BAKER,€DONELSON,€BEARMAN€&€CALDWELL,€Memphis,€TennesseeÐ 40„+/ ÐAttorney€for€Cross„Defendants/Appellees.ÌÌÌOPINION€FILED:ÌÌò òREVERSED€AND€REMANDEDó óÐ À515 ÐÌÌà À àò òFARMER,€J.ó óÐ „8Ô38 Ðò òCRAWFORD,€P.J.,€W.S.ó ó:€(Concurs)Ð p9À49 Ðò òLILLARD,€J.ó ó:€œ(Concurs)ñXñÐ `:°5: ÐñXññXñÐ P; 6; ÐñXñ›ñZññYñÓ3°,X°` À”X°,X°À”X3ÓñYññZññ[ññZñÓ6°,X°` ¸ À”X°,X°À”X6ÓñZññ[ññ\ññ[ñÓ6°,X°` ‚XÀ”X°,X°À”X6Óñ[ññ\ññ\ñÓ0°,X°` ˜X°,X°À”X0Óñ\ññ]ñÓÓñ]ññ^ñÓ  Óœñ^ññ_ñÔ‡ X‡ûXXXÔà ` àThis€appeal€involves€the€enforcement€of€a€judgment€lien€where,€subsequent€to€theÐ ° Ðattachment€of€the€judgment€lien,€the€encumbered€real€property€was€sold€to€a€buyer€whoÏsimultaneously€granted€a€purchase€money€mortgage€to€a€financial€institution.€Ì€Ìà ` àOn€October€10,€1995,€ATS,€Inc.€(ATS)€obtained€a€money€judgment€against€Keith€M.ÏCanfield€(Canfield)€in€the€amount€of€$175,000.00.€€This€judgment€was€recorded€on€November€17,Ï1995,€in€the€Registerððs€Office€of€Shelby€County,€Tennessee.€€On€January€5,€1996,€Canfield€conveyedÏthe€piece€of€real€property€that€is€the€subject€of€this€lawsuit€to€James€Curtis€Kent€(Kent).€€As€part€ofÏthe€same€transaction,€Kent€executed€a€deed€of€trust€in€favor€of€George€V.€Kinney€(Kinney)€and€BillÏR.€McLaughlin€(McLaughlin)€as€trustees€for€Union€Planters€National€Bank€(Union€Planters).€€KentððsÏwarranty€deed€and€Union€Plantersðð€deed€of€trust€were€both€recorded€on€January€8,€1996.€€OnÏFebruary€8,€1996,€United€American€Bank€of€Memphis€(United€American)€executed€a€release€of€aÏdeed€of€trust€that€had€been€an€encumbrance€on€the€same€piece€of€real€property€since€February€10,Ï1994.€€This€release€apparently€occurred€because€proceeds€from€the€sale€of€the€real€property€to€KentÏwere€used€to€satisfy€the€debt€owed€to€United€American.€€The€United€American€release€was€recordedÏon€February€13,€1996.ÌÌà ` àOn€September€10,€1996,€ATS€filed€a€complaint€seeking€to€enforce€its€judgment€lienÏby€selling€the€real€property€now€owned€by€Kent€and€subject€to€the€deed€of€trust€held€by€UnionÏPlanters.€€The€trial€court€refused€to€order€the€sale€of€the€real€property.€€Instead,€the€trial€court€grantedÏa€money€judgment€in€favor€of€ATS€and€against€Kent€and€Union€Planters€in€the€amount€ofÏ$15,674.75,€the€amount€of€money€that€Canfield€received€from€the€sale€to€Kent€after€the€debts€of€priorÏcreditors€were€paid.€€ATS€appeals.€€We€perceive€the€issues€before€us€to€be:ÌÌÓÓà8 ` àà ¸ àI.€€Does€the€judgment€lien€of€ATS€have€priority€over€theÏpurchase€money€mortgage€held€by€Union€Planters?Ð ` x` x ÐÌà8 ` àà ¸ àII.€€If€the€judgment€lien€of€ATS€does€have€priority€over€theÏpurchase€money€mortgage€held€by€Union€Planters,€did€the€trial€courtÏerr€in€granting€a€$15,674.75€money€judgment€to€ATS€rather€thanÏallowing€ATS€to€enforce€its€judgment€lien€through€sale€of€theÏencumbered€property?Ð ` x` x ÐÌÌÌÓÓBecause€the€facts€in€this€case€are€undisputed€and€the€foregoing€are€solely€questions€of€law,€ourÐ