EXHIBIT 10.68
Saginaw
ASSIGNMENT AND ASSUMPTION OF LEASE AGREEMENT
This ASSIGNMENT AND ASSUMPTION OF LEASE AGREEMENT is entered into this 13th day of
August, 1997, by and between Jubilee Limited Partnership, an Ohio limited partnership (hereinafter, the
"Assignor") and MRSLV Saginaw L.L.C., a Delaware limited liability company (hereinafter, the "Assignee") .
RECITALS:
WHEREAS, pursuant to the terms and conditions of the letter dated June 23, 1997, as amended by letters dated
July 2, 1997 and July 18, 1997 (collectively, the "Agreement"), Schottenstein Stores Corporation on behalf of
Assignor has agreed to sell and Mesirow Realty Sale-Leaseback, Inc. ("Mesirow") has agreed to purchase that
certain improved real property generally known as 3828 Bay Road, Saginaw, Michigan (the "Premises"); and
WHEREAS, Mesirow has formed Assignee for the purpose of taking title to the Premises; and
WHEREAS, the Premises are currently occupied and subject to a certain Lease Agreement entered into by and
between Jubilee Limited Partnership and Schottenstein Stores Corporation D/B/A Value City Furniture, dated
March 6, 1996, as the same may have been amended from time to time, a copy of which is attached hereto and
incorporated herein as Exhibit A (the "Lease"); and
WHEREAS, pursuant to the terms and conditions of the Agreement, Assignor is obligated to assign to Assignee
all of its rights and title to the Lease and Assignee is obligated to assume Assignor's duties and responsibilities
thereunder; and
WHEREAS, Assignor and Assignee desire to set forth the terms and conditions of such assignment and
assumption;
NOW, THEREFORE, in consideration of the Agreement, the mutual covenants, obligations and rights contained
herein, the parties hereby agree as follows:
1. Assignor hereby grants, bargains, conveys and assigns to Assignee all of its right, title and interest in and to the
Lease.
2. Until the assignment of the Lease from Assignee to Value City Department Stores, Inc., Assignee hereby
expressly