Chapter 697 — Chapter 697
9 sections in this chapter.
Fla. Stat. § 697.01 Instruments deemed mortgages
1.5K chars
(1) All conveyances, obligations conditioned or defeasible, bills of sale or other instruments of writing conveying or selling property, either real or personal, for the purpose or with the intention of securing the payment of money, whether such instrument be from the debtor to …
Fla. Stat. § 697.02 Nature of a mortgage
0.2K chars
A mortgage shall be held to be a specific lien on the property therein described, and not a conveyance of the legal title or of the right of possession.
Fla. Stat. § 697.03 Cooperative association mortgages
10.4K chars
(1) Hereafter, any mortgage or other instrument given by a cooperative association for the purpose of creating a lien on real or personal property, or both, may secure not only existing indebtedness, but also such future advances, whether obligatory or otherwise, as are made with…
Fla. Stat. § 697.04 Future advances may be secured
7.8K chars
(1)(a) Any mortgage or other instrument given for the purpose of creating a lien on real property, or on any interest in a leasehold upon real property, may, and when so expressed therein shall, secure not only existing indebtedness, but also such future advances, whether such ad…
Fla. Stat. § 697.05 Balloon mortgages; scope of law; definition; requirements as to contents; penalties for violations; exemptions
9.1K chars
(1) Any conveyance, obligation conditioned or defeasible, bill of sale, or other instrument of writing conveying or selling real property for the purpose or with the intention of securing the payment of money, whether such instrument is from the debtor to the creditor or from the…
Fla. Stat. § 697.06 Prepayment of note
0.2K chars
Any note which is silent as to the right of the obligor to prepay the note in advance of the stated maturity date may be prepaid in full by the obligor or her or his successor in interest without penalty.
Fla. Stat. § 697.07 Assignment of rents
9.1K chars
(1) For purposes of this section, the term:(a) “Mortgagee” means a person entitled to enforce an obligation secured by a mortgage.(b) “Mortgagor” means a person who grants a mortgage or a successor in ownership of the real property described in the mortgage.(2) A mortgage or sepa…
Fla. Stat. § 697.08 Equity skimming
1.7K chars
(1) It is unlawful for any person, with intent to defraud the owner of real property, to engage in equity skimming, which is, to:(a) Purchase, within a 3-year period, two or more single-family dwellings, two-family dwellings, three-family dwellings, or four-family dwellings, or a…
Fla. Stat. § 697.10 Liability for error in mortgage deed or note
0.5K chars
In any action relating to real property, if the court shall find that any person has prepared an instrument which due to an inaccurate or improper legal description impairs another person’s title to real property, the court may award to the prevailing party all costs incurred by …