Tom Leatherwood, Shelby County Register of Deeds: Instr.# 07090058

'Tom Leatherwootf 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.

11 11n1n11111111111 1rn1111111 11n11 07090058 06/07/2007 09:35 AM

2_ PGS : R - WAJl.RAlfTY DEED+--- ---KAT_!ll' _ ___!!1!!.!-70900� ________ _

245000. 00 VAf.""UE"------�-- --•. -._.­

MORTGAGE TAX

906.50 ---+- --- - ---

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TOM LEATHERWOOD REGISTER OF DEEDS SHELBY COUJ:!Y TEWJfESSEE

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

i Tom Leatherwood, Shelby County Register of Deeds: Instr.# 07090058

'

This Instrument Prepared By

Donald E. Bonrland, Attorney

5400 Poplar, Snite 100 Memphis, TN 38119

.. . CO RETURN TO: ,., ...

·:i ;,7 MMERCIAL SERVICES � · 6077 PRi'T AMER/CAN TITLE ME�HPA/SRKWTNJ\Y, SU/TE 121 8

• 38119

SPECIAL WARRANTY DEED

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THIS INDENTURE, made and entered into this , 7 D �ay of April, 2007, by and between LOEB REALTY, L.P., a Tennessee limited partnership (hereinafter referred to as "Grantor"), 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 Bartlett, County of Shelby, State of Tennessee:

SEE EXHIBIT A, ATTACHED HERETO AND IN CORPORA TED HEREIN BY REFERENCE.

This is the same property conveyed to Loeb Realty, L.P., a Tennessee limited partnership, by Special Warranty Deed of record at Instrument Number FW 3001 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 Bartlett and Shelby County taxes, not yet due and payable, and subdivision restrictions, building lines and easements of record in Plat Book 1, Pages 55 and 56 in the Register's Office of Shelby County, Tennessee, easements of record at Book 5415 Page 451, and KT 8463 in said Register's Office, and deed restrictions at Instrument No. FW 3001 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 hereof. ·

WITNESS the signature of Grantor the day and year first above written.

NCS Z9Kl.fn · Lf MPLS(JB)

LOEB REALTY, L.P., a Tennessee limited partnership

By: Loeb Realty Co., Inc., its General Partner

B�� LOUIS S. LOEB, Secretary-Treasurer

Tom Leatherwood, Shelby County Register of Deeds: Instr.# 07090058

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 bargainor, 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 JO�ay of April 2007. �'''''''''''''i #� E. Bolf_;,,,'\

lo sr��i fa OP \o: i TENNBSSBE ! :

My Comm�io E� J § �..,..= .. ·� I ;&: � �' ... � � ev co�,, ...... ..

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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 $245,000.00, which amount is equal to or greater than the amount which the property transferred would command at a fair and voluntary sale.

0�4;) L IJtl Affiant

Subscribed and sworn to before me this l?Ofh day of Aprz_j I , 2007 .

My Commission Expires:

Tax Parcel Identification:

Property Address:

Property Owner, Address and Mail Tax Bills To:

B015600520

.,,,..w...,,,..w...,,,..w..,,,,..,.,.. . JORDAN ALISE SCHLOSSMAN

I . NOTARY PUBLIC-MINNESOTA

My Commiuion Eip1rt1 Jin. 31, 2008

w.,..,.....,,,,,,.,.....,,,,,.w....,.,w •

5694 Stage Road, Bartlett, TN

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

Tom Leatherwood, Shelby County Register of Deeds: Instr.# 07090058 I ,

EXHIBIT A

Part of Lot 86, of the Town of Bartlett as recorded in Plat Book I, Pages 55 and 56 in the Register's Office of Shelby County, TN and being more particularly described as follows:

Beginning at a point in the east line of Shelby Street (56' ROW), said point being 18.94 feet northerly from the north line of Stage Road (71' ROW); thence north 0 degrees, 19 minutes, 30 seconds east along said east line a distance of 154.76 feet to a point; thence north 89 degrees, 35 minutes, 30 seconds east a distance of! 97.30 feet to a point; thence south 2 degrees, 01 minutes, 30 seconds west a distance of 227.40 feet to a point in the north line of Stage Road; thence along a curve to the right having a radius of 919.43 feet, a distance of 60.88 feet to a point; thence north 73 degrees, 57 minutes, 12 seconds west along said north line a distance of 117.50 feet to a point; thence along a curve to the right having a radius of25.00 feet, a distance of 32.41 feet to the point of beginning.

BEING ALSO DESCRIBED AS:

BEGINNING AT A FOUND CHISEL MARK AT THE INTERSECTION OF THE EAST LINE OF SHELBY STREET (56 FEET RIGHT-OF-WAY) AND THE SOUTH LINE OF THE TRUSTEES OF BARTLETT UNITED METHODIST CHURCH PROPERTY AS DESCRIBED IN INSTRUMENT MB 5411; THENCE SOUTH 86 DEGREES 48 MINUTES 56 SECONDS EAST SAID SOUTH LINE AND WITH A SOUTH LINE OF THE AMERICAN PROPERTIES COMP ANY PROPERTY AS DESCRIBED IN INSTRUMENT 05014891 DISTANCE OF 197. I I FEET (CALL-197 .30 FEET) TO AN IRON PIN FOUND IN THE WEST LINE OF THE M. KYLE RICE PROPERTY AS DESCRIBED IN INSTRUMENT EA 4826; THENCE SOUTH 05 DEGREES 36 MINUTES 51 SECONDS WEST WITH SAID WEST LINE A DISTANCE OF 227.27 FEET (CALL-227.40 FEET) TO AN IRON PIPE FOUND AT A POINT ON CURVE IN THE NORTH LINE OF STAGE ROAD (71 FEET RIGHT-OF-WAY); THENCE IN A NORTHWESTW ARDL Y DIRECTION ALONG A CURVE TO THE RIGHT HAVING A RADIUS OF 919.43 FEET (CHORD =60.88 FEET CHORD BEARING- NORTH 72 DEGREES 46 MINUTES 25 SECONDS WEST) WITH THE NORTH LINE OF ST AGE ROAD A DISTANCE OF 60.90 FEET (CALL ARC LENGTH = 60.88 FEET) TO A POINT; THENCE NORTH 70 DEGREES 19 MINUTES 03 SECONDS WEST WITH THE NORTH LINE OF STAGE ROAD A DISTANCE OF 117.50 FEET TO A POINT OF CURVATURE; THENCE IN A NORTHWESTW ARDL Y DIRECTION ALONG A CURVE TO THE RIGHT HA YING A RADIUS OF 25.00 FEET (CHORD=29.82 FEET CHORD BEARING-NORTH 32 DEGREES 45 MINUTES 50 SECONDS WEST) A DISTANCE OF 31.94 FEET (CALL ARC LENGTH= 32.41 FEET) TO A POINT IN THE EAST LINE OF SHELBY STREET; THENCE NORTH 03 DEGREES 50 MINUTES 00 SECONDS EAST WITH THE EAST LINE OF SHELBY STREET A DISTANCE OF 154.80 FEET (CALL-154.26 FEET) TO THE POINT OF BEGINNING AND CONTAINING 0.90 ACRES.