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You are an internal staff auditor for Ratliff Manufacturing. The lead auditor asks you to carefully read the new mortgage contract with the First National

You are an internal staff auditor for Ratliff Manufacturing. The lead auditor asks you to carefully read the new mortgage contract with the First National Bank and provide an abstract of all pertinent information. List the information in a mortgage that is likely to be relevant to the audit. Include at least 10 items in your answer and explain the significance of each for the audit.

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