Getting a Mortgage in Florida: What You Need to Know

– The Florida definition of a mortgage includes any written instrument securing the payment of money, and the word “debt” includes promissory notes, bonds, and other written obligations for the payment of money.
– A valid mortgage in Florida should identify the encumbered real property, reference the debt, be executed, delivered, accepted, and acknowledged by the mortgagor before a notary public if it is recorded.
– In a real estate transaction, the mortgagee (lender) advances the mortgagor (borrower) with the necessary funds to acquire a property.

https://www.jimersonfirm.com/blog/2020/11/definitions-requirements-florida-mortgages/