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Figure O-4 In the figure above, which of the following has the highest rank?
Unregistered Mortgage
is a mortgage loan that has not been formally recorded with the appropriate government registry, potentially affecting its legal enforceability.
Registered Mortgage
A legal document that secures a loan with real estate, ensuring it is registered in official records.
Priority
The state of being considered more important or urgent than other matters or claims.
Mortgage Financing
A method of financing property where the borrower takes out a loan secured by the property, typically from a bank or financial institution.
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