After years as a successful trial lawyer and law professor, David decided that he wanted to try his hand at living in the “big woods.” He purchased Maple Hill Farm, 1,000 acres of woodlands in Vermont that included several thousand sugar maple trees that annually produced approximately 10,000 gallons of sap that could be purchased for the production of maple syrup. In order to begin his operation David entered into the following transactions:

I. June 1, 2006: $1,500,000 mortgage to Big Bank of Vermont. The mortgage was properly recorded with the local Recorder of Deeds. David used the loan proceeds to purchase Maple Hill Farm.

II. June 22, 2006: Farmers Friend Bank loaned David $10,000 in exchange for a security interest in 1,000 gallons of maple tree sap and all present and after-acquired equipment for tapping the maple trees. The Article 9 financing statement was filed the next day in the office of the Vermont Secretary of State. Vermont law defines maple tree sap as a crop.

III. July 3, 2006: David purchased a mobile home from Backwoods Mobile Home Emporium on a purchase-money security agreement for $30,000. Backwoods Mobile Home Emporium has its security interest noted on the mobile home’s certificate of title in accordance with Vermont law.

IV. July 31, 2006: Wells Fargo loaned David $50,000 in exchange for a security interest in 10 acres of standing timber on David’s land (timber other than the sugar maples) that was suitable for harvesting. Wells Fargo filed the financing statement with the local Recorder of Deeds.

Sadly, David was injured in a porcupine attack in January 2007. Due to the mounting medical bills, he became unable to continue meeting his mortgage payments and defaulted on his mortgage loan, and the other three loans, in May 2007. What does Big Bank have a superior interest in compared to the other creditors?

A. Only the 1,000 acres of land

B. Only the 1,000 acres of land, the 1,000 gallons of maple tree sap, and the mobile home

C. Only the 1,000 acres of land and the mobile home

D. Only the 1,000 acres of land and the 10 acres of standing timber

E. The 1,000 acres of land, the 1,000 gallons of maple tree sap, the mobile home, and the 10 acres of standing timber.