The legalese is thick but this is a notable point I saw from a quick skim:
5.3.2 "Passcodes or other means of access may not be utilized to access information that is only stored remotely."
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looks like they can request your passcode to unlock the phone so anything local and/or cached before they disable network connectivity would be there.
That's not notable at all given a lot of content is synced to the device, not even counting temporary and cache files.
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