Cabot v. First National Bank of Fort Walton Beach

McCORD, Chief Judge.

This is an appeal from a final judgment of foreclosure entered in favor of appellee, plaintiff below. We affirm.

This suit was brought by appellee Bank to foreclose a real estate mortgage as security for a note executed with the mortgage and two additional subsequently executed notes. The mortgage is the type known as an open-end mortgage authorized by § 697.-04, Florida Statutes. The mortgage contains the following future advance or open-end provision:

“And the Mortgagor further agrees as part of the consideration of this mortgage, and that this mortgage shall also secure…