1 Florida Real Property Complex Transactions § 5.7

THIS NOTICE OF LIMITATION ON MORTGAGE FUTURE ADVANCES is made on

, by (herein “Mortgagor”).

WHEREAS, pursuant to the Mortgage and Security Agreement executed on

, and recorded at Official Record Book , Page , of the Public Records of County, Florida (the “Mortgage”), to wit:

WHEREAS, the Mortgage provided for future advances to be made against the security of the mortgage lien granted hereunder; and

WHEREAS, Mortgagor desires to limit the maximum principal amount that may be secured under the Mortgage, in accordance with F.S. 697.04(1)(b).

NOW, THEREFORE, in accordance with F.S. 697.04(1)(b), notice is hereby given that the Mortgage will secure an amount not to exceed $

.

Pursuant to F.S. 697.04(1)(b), a copy of this notice is being sent on the above-noted date to Mortgagee by certified mail.

IN WITNESS WHEREOF, Mortgagor has executed this Notice of Limitation on Mortgage Future Advances on the date first set forth ...