A property with two secured loans

[Helen Zhang]

I am interested to bid for a property that is currently listed on auction.com. (I had decent experience with auction.com in the past and it has been pretty good). 

However, this time I am having trouble reading the property deed record. There are two records, both look like they are secured against the property. One of the deeds is a subordinate deed of trust (which I believe it is a mortgage in the second position). 

My question is that if I purchase this property from auction.com, would I now be responsible for that second mortgage? (I believe not all listings from auction.com is a foreclosure, so I am a bit concerned that this is actually a standard sale where the buyer would have to be responsible for the second mortgage). Does anyone have experience with this?