Resolution 132-2024 RESOLUTION NO. 132-2024
A RESOLUTION OF THE BOARD OF COUNTY COMMISSIONERS
OF MONROE COUNTY, FLORIDA APPROVING THE WRITE-OFF
OF A$45,000.00 SHIP SECOND MORTGAGE
WHEREAS,the Monroe County SHIP Program executed a SHIP Second Mortgage between the
County and MICHAEL J.AND KAREN D. CHAUSTIT in the amount of$45,000.00 on September 25, 2008,
recorded on September 30, 2008,as Document#1713533, Book 2382, Page 508 of the public records of
Monroe County, Florida,secured by the property located at 1231 Flagler Avenue, Key West, Florida
33040;and
WHEREAS,the First Mortgagee(IBERIABANK)filed a foreclosure action as well as a Notice of Lis
Pendens on April 12, 2013,which was recorded on May 30, 2013 as Document#1935158, Book 2631,
Page 392;and
WHEREAS, a Final Judgment of Foreclosure was Ordered on October 31, 2013, Document
#1956215, Book 2656, Page 2335,and recorded November 1,2013,sale by auction was set for February
28, 2014, and the property was sold to the highest bidder on February 28, 2014, Document#1970803,
Book 2673, Page 778 and recorded February 28, 2014;and
WHEREAS,the SHIP Mortgage was unable to be satisfied as the proceeds from the sale were
insufficient to allow for a recovery;and
WHEREAS,OB FLORIDA RRE HOLDINGS, LLC took title to the property on March 12,2014,
Document#1972223, Book 2674, Page 2046;and recorded on March 12, 2014.
NOW THEREFORE,BE IT RESOLVED, by the Board of County Commissioners of Monroe County,
Florida that the County hereby:
Authorizes the write-off of a SHIP Second Mortgage Loan in the amount of$45,000.00 formerly
secured by the property located at 1231 Flagler Avenue, Key West, Florida, 33040.
PASSED AND ADOPTED, by the Board of County Commissioners of Monroe County, Florida at a regular
meeting of said Board on the 17thday of April 2024.
Mayor Holly Merrill Raschein Yes
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^ � -�V Commissioner James K. Scholl Yes
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'•9 n L Commissioner Craig Cates Yes
(), �; Commissioner Michelle Lincoln Yes -71•
er, Ft 11 Commissioner David Rice Yes
.17
KEVIN MAD;0K, CLERK BOARD OF COUNTY COMMISSIONERS -1 1
TIO OF MONROE COUNTY, FLORIDA .
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As D puty Clerk Mayor Holly Merrill Raschein . .,.. L5
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MONROE COUNTY ATTORNEY'S OFFICE
Approved for form and legal sufficiency
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Christina Cory,Assistant Co my Attorney
C Doc#2459251 Bk#3272 ---Pg#1830
PREPARED BY/RETURN TO: Recorded 4/24/2024 2:05 PM Page 1 of 2
Monroe County SHIP Program \
1100 Simonton St., Suite 1-196 Filed,and Recorded in Offi
cial Records of
Key West, FL 33040 MONROE COUNTY KEVIN MADOK,CPA
SPACE ABOVE THIS LINE FOR PROCESSING DATA SPACE ABOVE THIS LINE FOR RECORDING DATA
RELEASE OF MORTGAGE OR LIEN
Know All Men By These Presents, that Monroe County, the owner(s)and holder(s) of a certain Mortgage
Deed, executed on SEPTEMBER 25, 2008 by MICHAEL J. AND KAREN D. CHA USTIT, to Monroe County,
Florida and recorded on SEPTEMBER 30,2008, in Official Records Book 2382,Page 508 Document#1713533
in the office of the Clerk of the Circuit Court of Monroe County,State of Florida,securing certain Note in the principal
sum of FORTY-FIVE THOUSAND DOLLARS AND NO CENTS($45,000.00), upon the property situate in said
State and County described as follow, to-wit:
(SEE EXHIBIT A ATTACHED)
Which has the address of 1231 Flagler Avenue,Key West,Florida 33040
(herein the "Property Address:")
does hereby RELEASE and DISCHARGE said Note and Mortgage Deed and hereby direct KEVIN MADOK, CPA,
the Clerk of the said Circuit Court, to cancel the same of record
rd
In Witness Whereof, Monroe County has caused this document to be executed as of this 23 day of
_40_2024.
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`'�-,-- ' SE L BOARD OF COUNTY COMMMISSIONERS
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` 4 i1 ', V�,TMADOK,CLERK OF MO OE COUNTY,FLORIDA
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May
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''t',�� ?,,,As3feuty Cler_ Holly Me aschein Mayor
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'grATIC OF FLORIDA
COUNTY OF MONROE
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Subscribed and sworn to(or affirmed)before me,by means of physical presence or❑online notarization,on this q. day
of t 1 I 2024 by Holly Merrill Raschein,Mayor,known to me to be the person(s)described herein and who executed
the foregoing instrument,who acknowledged before me that he/she executed the same,and who did not take an oath. Check
one: said person(s)is/are personally known to me. said person(s)provided the following type of identification.
CORE MOGRAW-BABEL Witness my hand and official seal in the County and State
,; Notary Public Last aforesaid thisay of �. 2024.
°�' State of Florida `-` ,tl,
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'`� Comm/HH210621
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EXpireS 12/21/202 fib
5 pew tary Signature:
rviccoofro- 4-16e1
Monroe County Attorney's Office Printed Name
Approved as to form and legal sufficiency a Jd t,.A I
j A_A aii.. .._ Commission No:
Christina Cory,Assistant Coun Attorney la- A t c. Oe S'
Commission Expires:
E 113IT"A"
LEGAL DESCRIPTION-123 1 Flagler Ave,Key West,FL
On the island of Key West and known on Win.A. Wiutehead's map delineated in
February A.D. 1829 as a part of Tract Nineteen(19),but more particularly described as
follows:
Lot Eight(8)in Square One(1) of said Tract Nineteen (19)according to the Tropical
Building and Investment Company's subdivision of said Tract Nineteen (19)duly
recorded in Plat Book(1),page 34,Monroe County, Florida Records. Commencing at a
point on Eleanor Street distant Three Hundred Forty-Six (346)feet,Nine (9) inches from
the corner of White and Eleanor Streets and running thence along Eleanor Street in a
Northeasterly direction Forty-Nine(49) feet; Four(4)inches;thence at right angles in a
. Northwesterly direction Ninety-Two (92) feet, Six(6) inches;thence at right angles in a
Southwesterly direction Forty-nine(49) feet,Four(4)inches; thence at right angles in a
Southeasterly direction Ninety-two (92)feet, Six (6)inches to the place of beginning.
LESS AND EXCEPT:
A parcel of land on the island of Key West and known on William A. VVhitehead's Mapdelineated in February,A.D. 1829, as a part of Tract 19 but now better known and
described as part of Lot 8 in Square 1 of said Tract 19, according to the Tropical Building
Investment Company's Subdivision of said Tract 19 duly recorded in Plat Book 1,Page
34, of the Public Records of Monroe County,Florida,said parcel being more particularly
described by metes and bounds as follows:
BEGIN at the W'ly corner of the said Lot 8 and run thence SE'ly along the SW'ly
boundary line of the said Lot 8 for a distance of 20.08 feet; thence NE'ly and at right
angles for a distance of 2.00 feet;thence NW'ly and at right angles for a distance of 20.08
feet to the NW'ly boundary line of the said Lot 8;thence SW'ly and at right angles along
the NW'ly boundary line of the said Lot 8 for a distance of 2.00 feet back to the Point of
Beginning.