I find this a very useful command. Your code is fine but slightly over complicated
    ... //Find something
       if ((Found) and Status="I") Break Begin 
       if (Some Other Condition) Break
       // Do your processing here 
Basically you need something to Break you out of the loop but if you haven't finished processing yet then Break Begin saves you using conditionals and makes your code cleaner.

One suggestion. The Studio doesn't really know about Break Begin so it's expecting an "End" which it will happily insert for you! I put "#Replace BreakBegin Break Begin" at the top of my code and all works smoothly.