A limited partnership purchased land with a bank loan secured by a mortgage on the land. The limited partnership later sells the land to a buyer who does not assume the loan. After the sale, the partnership defaults on the loan. In a jurisdiction that follows the lien theory of mortgages, can the bank foreclose on the land owned by the buyer?

• A. No, because the buyer did not assume the loan.
• B. No, because no one was personally obligated to repay the loan.
• C. Yes, because the mortgagee may foreclose on the land.
• D. Yes, because the buyer took the land subject to the mortgage.

Answer: (D)