O to A A to B B records. Hard to find vs. wild. Conveyance by grantor before taking. Conveyance by grantor after conveyance. No reference to A to B deed in the system.
Donee is protected by recording.
Priority in mortgages. Problem A owns WhiteAcre. June 1, A and B sign contract. June 15, B sells WhiteAcre to C. Deed to C. C records. B to D D does not record.