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*scaped. Thé entrance to the building, through a spaclous lobby with artistic fountain, is on Ked- zie Street. The thirteen apartments are arranged to prQvide three of six rooms with two baths, three of five roomfs with two baths, six.of four ro.oms,, and a fiveý room ,apartment in the. base-, mnent. The roois in, al apartmients are. excep-. tionally large, 9ih and airy, and aIl aartments. have outside roomns facing'eitherMichigan Ave- nue ýor Kedzie Street. The building is equipped, with clothes dryers, electric refrigerators, copper wýeather.strips throughout, Hardingepoh burner and other m-iodem ei'quîpment. Because of its ad- vantageous location*and the desirability of the apartmients, the building has enjoyed unuisual sucècess silice its construction. Security:- Tlhese bonds are secured by a closed first miort- gage lien on the land own,-ed»in fee and the build-- ing~ sittuated thereon.. The land .ald buiilding>,have -been appra, R. S. Cranie and I.:R. Schildein, Evanston, Land Building' Total 1Valuation -v $13: The present gross, annual inconme under, leases now in force is $20,550-00. Thisi prxmt four times the greatest annuaI interest payment. othenire issue (reduced semni-annually). The *expenses per annumi, including operating *expense, taxes and insurance, is estimated at $6,843.00. Sinking Fund: The trust deed se( ~~1 lised: by sixth of the interest and principal payments due semi-annually throughout the term of this boan. Borrow£r: These bonds are, the direct obligation, of Axel Heming and Hannah Heming, his wife, own ers9 of the Beverly Castle Apartments. Pur pose of Issute:, Th 'e proceeds of this issue of first miortgage bond Sw'11. provide funids for-.the refinancing of the property. Titie Guaran tee: The Chicago Title 'and Trust Company has is- sued its Guarantee, Policy forý $80,000.00, guaran- teeinigthis bon.d issue tobe a valid first mortgage, on. .the-.,.an.d and building.ý Trustee: The State IBank and Trust Company of Evans-ý ton is Trustee. E.ach bond is ateicatedy h Trustee and hbear's.its-certificati'on.- Illinois-, Insuaran ce:. For the protection of the bond holders, the 8 00-00 building is insured agaînst lo.ss by fire for the ý400.00 fuli amount of the loan ($80,000.00). Adequate tornado insurance isalso carried. Ail policies have a loss clause made payable to the State Bank and Trust Company, Trustee. Management of Pro perty:' Quinlan and Tysonm c. -have complete charge, of the mianagement-of this property..!. These bonds are in coupon f ormi, with the privilege of registration as to principal. AIl bonds and attached interest coupons are payable.at the office of Quinlan and Tyson, Inc. EVANSTON OFFICE FOlûJNTAIN SQUARkE University 2600 Rstablished 1884. CHICAGO OFFICE 1 N. "LA SALLE ST. Central 0227 WINNETKA ;OFFICE, 714 ItLi ST. winnetkàs 29