That is condition 3, not condition 2.i drop the mag, pull the slide to the rear, eject the round, ensure it is clear, ride the slide to the forward then ride the hammer forward. I have a clearing barrel outside my front door.
Condition 1: chamber loaded, hammer cocked, safety on.
Condition 2: chamber loaded, hammer down, safety off.
Condition 3: chamber empty, hammer down, safety off.
I would recommend that you choose one way to carry your 1911 and always carry it the same way. Sometimes carrying one way and sometimes carrying another invites confusion if the worst thing happens -- if you really need your gun, you'll have a lot of very important things to think about in a very short amount of time, so don't add "is my chamber loaded or not" to the list of things to think about.