Question: You are a banker who provided a $100000 mortgage to a borrower to acquire some real estate, the borrower's only asset. The borrower also had

You are a banker who provided a $100000 mortgage to a borrower to acquire some real estate, the borrower's only asset. The borrower also had $20000 in unsecured debt from another lender. If the borrower defaults on the mortgage and the property sells for $70000, what will you receive in proceeds? Express your answer to the nearest dollar.

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