Tom Leatherwood, Shelby County Register of Deeds: Instr.

# 07090161

Tom Leatfrerwooa
Shelby County Register

As evidenced by the instrument number shown below, this document has been recorded as a permanent record in the archives of the Office of the Shelby County Register.

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07090161
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06/07/2007
3 PGS KATHY : 497027-7090161

09:46

AM

R - WAlUUUl'TY DEED

VACUE
MORTGAGE TAX TRAlfSFEll TAX RECORDIG FEE DP FEE REGISTCR s l'EE WALK TRRU FEE TOTAL AMOtnn

225000. 00 0. 00 832. so 15.00 2. 00 LOO 0.00 850.50

TOM LEATHERWOOD
REGISTER OF DEEDS SHELBY COUJITY TEIB'ESSEE

160 N. Main St., Suite 519 - Memphis, Tennessee 38103 - (901) 545-4366 http ://register. sheI by. In. us

Tom Leatherwood, Shelby County Register of Deeds: Instr.# 07090161

This Instrument Prepared By Donald E. Bourland, Attorney

RETURN TO: COMMERCIAL SERVICES FIRST AMERICAN TITLE eon PRIMACY PARl<mAY, SUITE 121 B MEMPHIS, TN 38119

5400 Poplar, Suite JOO

Memphis, TN 38119 SPECIAL WARRANTY DEED

IV C' <; isoco -3T

THIS INDENTURE, made and entered into this

ivday of April, 2007, by and between

LOEB REALTY, L.P., a Tennessee limited partnership (hereinafter referred to as "Granter"), and QUALITY MEMPHIS PROPERTIES, LLC, a Minnesota limited liability company (hereinafter referred to as "Grantee").
WITNESSETH: that for and in consideration of Ten Dollars ($10.00), cash in hand paid,

and other good and valuable consideration, the receipt of all of which is hereby acknowledged, Grantor has bargained and sold and does hereby bargain, sell, convey and confirm unto Grantee the following described real estate, situated and being in the City of Memphis, County of Shelby, State of Tennessee: SEE EXHIBIT A, ATTACHED HERETO AND INCORPORATED HEREIN BY REFERENCE. This is the same property conveyed to Loeb Realty, L.P., a Tennessee limited partnership, by Warranty Deed of record at Instrument Number EU 4308 in the Register's Office of Shelby County, Tennessee.
TO HAVE AND TO HOLD the aforesaid real estate, together with all the appurtenances

and hereditaments thereunto belonging or in anywise appertaining unto Grantee, their heirs, successors and assigns in fee simple forever. Grantor does hereby covenant with Grantee that it is lawfully seized in fee of the aforedescribed real estate; that it has a good right to sell and convey the same; that the same is unencumbered, except for 2007 City of Memphis and Shelby County taxes, not yet due and payable, and subdivision restrictions, building lines and easements of record in Plat Book 114 Page 30 and Plat Book 111 Page 22 in the Register's Office of Shelby County, Tennessee, easements of record in Book 5853 Page 29, Book 5853 Page 31, in Book 1751 Page 633, Instrument No. E2 8897, Instrument No. AD 7764 and Instrument No. K4 9594, and Restrictive Covenants at Instrument No. AA 9366, as amended at Instrument No. AB 7557 in said Register's Office; Right of Way Agreement in Book 2029 Page 641, as modified in Book 4185 Page43, Right of Way Agreement in Book 2029 Page 642, as modified in Book 4185 Page 43; Agreement in Book 2801 Page 395, Agreement in Book 3791 Page 541, and Agreement in Book 6271 Page 782, all in said Register's Office, and that the title and quiet possession thereto it will warrant and forever defend against the lawful claims of all persons claiming by, through, or under it, but not further or otherwise. The words Grantor and Grantee as used herein shall mean "Grantors" and "Grantees," if more than one person or entity be referred to, and pronouns shall be construed according to their proper gender and number according to the context hefeof.
WITNESS the signature of Grantor the day and year first above written.

LOEB REALTY, L.P., a Tennessee limited partnership By: Loeb Realty Co., Inc., its General Partner

LOUIS S. LOEB, Secretary-Treasurer

NCS

2f01anr-s

MPLS(JB)

Tom Leatherwood, Shelby County Register of Deeds: Instr.# 07090161

STATE OF TENNESSEE COUNTY OF SHELBY

Before me, a Notary Public in and for said State and County, duly commissioned and qualified, personally appeared Louis S. Loeb, with whom I am personally acquainted and who, upon oath, acknowledged himself to be the Secretary-Treasurer of Loeb Realty Co., Inc., General Partner of Loeb Realty, L.P., the within named bargainer, a Tennessee limited partnership, and that he as such Secretary-Treasurer of the General Partner, being authorized so to do, executed the foregoing instrument for the purposes therein contained by signing the name of the Tennessee limited partnership by himself as such Secretary-Treasurer of the General Partner. WITNESS my hand and Notarial Seal at office this

Jof't- day of April, 2007.

I, or we, hereby swear or affirm that to the best of affiant's knowledge, information, and belief, the actual consideration for this transfer or value of the property transferred, whichever is greater, is $225,000.00, which amount is equal to or greater than the amount which the property transferred would command at a fair and voluntary sale.

9J L
Affiant Subscribed and sworn to before me this

2f>t11

day of

z\:pri /

, 2007.

My Commission Expires:

h"k""1'.hJVYNJNNNO!"+.._"'IMhVNN

JORDAN ALISE SCHLOSSMAN

NOTARY PUBLICMINNESOTA
Uy Comcniion Eapir11 Jan.

31, 2ooa

Tax Parcel Identification: Property Address: Property Owner, Address and Mail Tax Bills To:

074-034-00157 5195 Winchester, Memphis, TN

Quality Memphis Properties, LLC c/o Mindy Ostrow 923 Payne Avenue St. Paul, MN 55130

Tom Leatherwood, Shelby County Register of Deeds: Instr.# 07090161

EXHIBIT A Parcel 3, Walton Lake Subdivision, as shown on plat of record in Plat Book 114, Page 30, in Register's Office of Shelby County, Tennessee, to which plat reference is hereby made for a more particular description of said property.

BEING ALSO DESCRIBED AS: BEGINNING AT A POINT IN THE SOUTH LINE OF WINCHESTER ROAD (106' RIGHT-OF WAY) 343.87 FEET EAST OF THE TANGENT INTERSECTION OF THE EAST LINE OF CASTLEMAN STREET (60' RIGHT-OF-WAY) AND THE SOUTH LINE OF WINCHESTER ROAD (CHISEL MARK FOUND 3.4' N.) AND SAID POINT BEING IN THE EAST LINE OF PARCEL 2, WALTON LAKE PLANNED COMMERCIAL DEVELOPMENT AS RECORDED IN PLAT BOOK 114, PAGE 30; THENCE SOUTH 85 DEGREES 34 MINUTES 48 SECONDS EAST WITH THE SOUTH LINE OF WINCHESTER ROAD A DISTANCE OF 90.00 FEET TO A POINT IN THE WEST LINE OF PARCEL 4 OF SAID SUBDNISION (CHISEL MARK FOUND 3.4' N.); THENCE SOUTH 04 DEGREES 23 MINUTES 27 SECONDS WEST WITH THE SAID WEST LINE A DISTANCE OF 225.00 FEET TO A POINT IN THE NORTH LINE OF PHASE 1, WALTON LAKE SUBDNISION, WALTON FAMILY PARTNERSHIP PROPERTY AS RECORDED IN PLAT BOOK 121, PAGE 16(IRON PIN FOUND 3.4' N.); THENCE NORTH 85 DEGREES 34 MINUTES 48 SECONDS WEST WITH THE NORTH LINE OF SAID SUBDNISION A DISTANCE OF 90.00 FEET TO A POINT IN THE EAST LINE OF PARCEL 2, WALTON LAKE PLANNED COMMERCIAL DEVELOPMENT AS RECORDED IN PLAT BOOK 114, PAGE 30 (IRON PIN FOUND 3.4' N.); THENCE NORTH 04 DEGREES 23 MINUTES 27 SECONDS EAST WITH THE EAST LINE OF SAID PARCEL 2 A DISTANCE OF 225.00 FEET TO THE POINT OF BEGINNING AND CONTAINING 0.46 ACRES.