Tom Leatherwood, Shelby County Register of Deeds: Instr.

# 07090183

'Tom .Leatfzerwood
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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497038-7090183 405000.00 0.00 1498.50 15.00 2.00 1-00 0.00 1516.50 06/07/2007 3 PGS : 09:58 R - WAIUUUITY DEED DELOllCS VALUE !IJRTGAGE TAX TRAlfSFCR TAX RECORDillO FCC DP FEE REGISTCR s rec WALK THRO rec TOTAL AJll1JllT

TOH LEATHERWOOD
REGISTER OF DEEDS SHELBY counY TCllllESSCE

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

Tom Leatherwood, Shelby County Register of Deeds: Instr.# 07090183

This Instrument Prepared By Donald E. Bourland, Attorney

5400 Poplar, Suite 100

Memphis, TN 38119

RETURN TO: COMMERCIAL SERVICES ARST AMERICAN TITLE 6f117 PRIMACY PARKWAY, SUITE 121 B MEMPHIS, TN 38119

fVC..Sd,'i5cco-;;) e_-r
SPECIAL WARRANTY DEED

THIS INDENTURE, made and entered into this

ftJ day of April, 2007, by and between

LOEB BROS. 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, Granter 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 South Willett, a Tennessee general partnership, by Warranty Deed of record at Instrument Number LE 0890 in the Register's Office of Shelby County, Tennessee. South Willett, a Tennessee general partnership, merged into Loeb Bros. Realty, a Tennessee general partnership, as evidenced by that General Partnership Statement of Merger dated July 1, 2002 and recorded in the Register's Office ofShelbyCounty, Tennessee under Instrument No. 021 17279. Loeb Bros. Realty, a Tennessee general partnership, was converted to Loeb Bros. Realty, L.P. as evidenced by that Certificate of Limited Partnership of Loeb Bros. Realty, L.P. dated January 1, 2003 and recorded in said Register's Office under Instrument No. 02222344.
TO HAVE AND TO HOLD the aforesaid real estate, together with all the appurtenances

and hereditaments thereunto belonging or in anywise appertaining unto Grantee and its successors and assigns in fee simple forever. Granter 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, which Grantee assumes and agrees to pay, and subdivision restrictions, building lines and easements of record in Plat Book 65, Page 6 and Plat Book 32, Page 33 in the Register's Office of Shelby County, Tennessee, and easements in Book 1532 Page 308, Book 4008 Page 235, Book 4008 Page 241, and Book 4483 Page 340 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.
WITNESS the signature of Granter the day and year first above written.

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

MPLS(JB)

Tom Leatherwood, Shelby County Register of Deeds: Instr.# 07090183

-.
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 Bros. 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. J

, y of

My Commissi

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 $405,000.00, which amount is equal to or greater than the amount which the property ,,m,forrod woold -mmd "
'

ra;, md

""1"'0J
Affiant

M
'2007.

Subscribed and sworn to before me this

-3om

day of

frrn I

My Commission Expires:

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

074 001 00 144 2860 So. Perkins Road, Memphis, TN 38118

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

Tom Leatherwood, Shelby County Register of Deeds: Instr.# 07090183

EXHIBIT A

Lot 1, Section A-2, Waymon Welch Subdivision, as shown on plat of record in Plat Book 65, Page 6, in the Register's Office of Shelby County, Tennessee, and being more particularly described as follows: Beginning at a point in the East line of South Perkins Road (I 06' R.O.W.) a distance of 201.12' south of the South line of Judy Lynn Avenue (50' R.0.W.), thence westwardly with an interior angle of 90 degrees 14 minutes 37 seconds a distance of 146.30' to a point; thence southwardly with an interior angle of 90 degrees 16 minutes 30 seconds a distance of 190.00' to a point; thence eastwardly with an interior angle of 89 degrees 43 minutes 30 seconds a distance of 47.61' to a point in the East line of South Perkins Road; thence northwardly along said East line with an interior angle of89 degrees 52 minutes 40 seconds a distance of 190.00' to the point of beginning, containing 0.64 acres more or less.

BEING ALSO DESCRIBED AS: BEGINNING AT A FOUND CHISEL MARK FOUND IN THE EAST LINE OF PERKINS STREET (106' RIGHT-OF-WAY) 201.12 FEET SOUTH OF THE TANGENT INTERSECTION OF THE EAST LINE OF PERKINS ROAD AND THE SOUTH LINE OF JUDY LYNN AVENUE (50' RIGHT-OF-WAY) AND SAID POINT BEING IN THE SOUTH LINE OF LOT 2, SECTION A-2, WAYMON WELCH SUBDIVISION AS RECORDED IN PLAT BOOK 65, PAGE 6 (IRON PIN FOUND 0.2' N.); THENCE SOUTH 86 DEGREES 17 MINUTES 26 SECONDS EAST WITH SAID SOUTH LINE OF LOT 2 A DISTANCE OF 146.43 FEET (CALL-146.30 FEET) TO A POINT IN THE WEST LINE OF SECTION 'B', SUMMERSET PARK SUBDIVISION AS RECORDED IN PLAT BOOK 28, PAGE 75 (IRON PIN SET 5.0' W.); THENCE SOUTH 03 DEGREES 25 MINUTES 51 SECONDS WEST WITH THE WEST LINE OF SAID SUBDIVISION A DISTANCE OF 190.00 FEET TO A POINT IN THE NORTH LINE OF LOT 1, SECTION A, WAYMON WELCH SUBDIVISION AS RECORDED IN PLAT BOOK 32, PAGE 33 (IRON PIN SET 5.0' W.); THENCE NORTH 86 DEGREES 17 MINUTES 28 SECONDS WEST WITH SAIDNORTH LINEA DISTANCE OF 147.89FEET (CALL-147.61 FEET) TO A CHISEL MARK FOUND IN THE EAST LINE OF PERKINS STREET; THENCE NORTH 03 DEGREES 52 MINUTES 14 SECONDS EAST WITH THE EAST LINE OF PERKINS STREET A DISTANCE OF 190.00 FEET TO THE POINT OF BEGINNING AND CONTAlNlNG 0.64 ACRES.