One has a 2nd position lien (by recording date) but it looks like a standard document with"GEORGIA - SUBORDINATE SECURITY DEED 10/97 - HUD INSTRUMENT" at the bottom.I dont see any other text on the deed making itself a senior position deed.  

The auction advertisement (often displayed in local newspapers for several weeks prior to the sale) identifies the instrument being foreclosed... by date, original amount and recording info.

Most would say that once you've got that profit from your primary residence free from tax you're probably best served to keep it tax free rather than to place it back inside a tax deferred instrument.

@Jim Groves  so what your saying is .If I am the beneficiary of a debt instrument  ( Mortgage) and my buyer defaults.

The CS has a slightly negative correlation to stocks and bonds, and a slightly positive correlation to commodities and other RE related instruments like REITs. 

Also, does that make sense for that instrument?  

I remember when my friend wanted to get his pilots license and him saying after going up with an instructor, "all these instruments, I'll never understand this".

My takeaway: money is undeniably an instrumental good, we really only desire money for x or y, to do this or that, and it is what you might call a necessary evil (although Socrates obviously didn't think it was at all necessary).

Super safe instruments like Notes with 50% LTV and government guaranteed tax lien certificates.10 Projects a year that meet the goal of Financial Independence.

Here is a section from my FHA loan (emphasis added):"Borrower shall occupy, establish, and use the Property as Borrower's principal residence within sixty days after the execution of this Security Instrument (or within sixty days of a later sale or transfer of the Property) and shall continue to occupy the Property as Borrower's principal residence for at least one year after the date of occupancy, unless Lender determines that requirement will cause undue hardship for Borrower, or unless extenuating circumstances exist which are beyond Borrower's control.