A mortgage that has not been recorded or registered in the county in which the real estate is located:
a. is a matter of public record, and the world has constructive notice of it's existence
b. is a matter of public record, and the world has actual notice of it's existence
c. is not valid
d. is not protected by a priority position in the event of foreclosure
Ans: d. is not protected by a priority position in the event of foreclosure
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