In a mortgage loan, the borrower always creates two documents: a note and a mortgage. Which of the following pieces of information is provided in the mortgage?

Multiple Choice

how the interest rate is to be computed

whether the borrower has the right to prepay the principal during the term of the loan, and any prepayment penalties that would be incurred as a result

whether the borrower is released from liability for fulfillment of the contract

an unambiguous description of the property that is being pledged as collateral for the loan