Holly Hill Acres Ltd. executed a promissory note and mortgage and delivered them to Rogers. The note contained the following stipulation:

This note with interest is secured by a mortgage on real estate of even date herewith, made by the maker hereof in favor of the said payee, and shall be construed and enforced according to the laws of the State of Florida. The terms of said mortgage are by this reference made a part hereof.

Does this note qualify as a negotiable instrument? Please state the rule and apply it to this particular note.