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he .. M· it .:..0: ~~ Rr 1U ·' ·· I~ ei! :.( .t . ~ ela t ·. Ill lg ).; ·A Profitabl~ Investment . . - - -~ is~ of ... EDGEMONT APARTMENTS . . . .~· · 1 ~;. $90,000 ~LD~~R~~ 6~ o/9~ ~ .:' . . , In denominations of $100 · $500 · $1000 SECURITY: This First Mortgage is secured by la~d SOx 17 6 aad the improvement.-a 16 apartment building witb private garages for tenants in connection, therewith, located at South West Coraer of W asbingtoa St. and Elmwood Ave., Evanston. LOCATION: Tbe property is conveniently located in a very. fine residential section. The Main St. "L". Northwestern steam road, as well as the Bus and Surface lines are all within . five minutes walk. The Main St. shopping section, · schools, and churches are all close at band. This building is being erected amid ~autiful houses and apartment homes. TITLE: A Chicago Title and Trust.Company Mortgage Guarantee Policy bas been obtained, insuring tbis loaa to be a direct first lien against the property and improvements described. MATURITIES: Tbe bonds are dated February I, 1928, and the final maturities are in ~even yean. Semiannual pre-payments after the first year reduce the total indebtedness at final maturity, and provide excellent shorter term investments. ~ ·/ _.. ~~ ..tl-~;,1:;:./ \ .. ~·. ~. · , .··.. · l ; · .' i.:~: "f./ -:!~·~:. ·: 't~, .. ~ s, r-ei land at S25,000. Stanley '-~~···· tonstractiOil a,. praiser located at 616 Clnitdl. St:.: ~vanstoa, atimata the value of the completid .~tt at Sl20;315.13. This makes a total of ·s14S·JI5'. 13-a wide maqia of iecurity for the loan. THE BORilOWERS: The bonds are 'signed by Erast Knodel and Aana Knodel, bis wife, tbe owners o~ the property. Mr. Knodel is well established ill this . community. · He baa hem raponsible _ f or the aacc~ . development of two other coraen at tbis same mtersection; tbe North West and Soatb East coraen. . . INCOME: CoDitrVatively estimated. tbe annual income from tbis property wiD excetcl S21.500-aearly four times the hitbelt annaaJ: interest charges. · Tbia prcwides unusual security. MANAGEMENT: The property will be naaaaaecl by John F. Habn, Incorporated, at .whO. o8ice all iqterest and principal paymma will ·be ·made as due · the fint day of February and August tbroapoat the: life of tbe loan. INSURANCE: Full fire insurance, as well as tornado insurance is carried, payable to the Trustee. THE PURPOSE OF THIS LOAN: is to provide funds for _tbe erection of the building. The proceeds will be disbunecl by Joba F. Hahn, Inc., ,.-bo guarantee the completion of the building free and dear of aU prior liens, and in tbis guarantee reserve the ript to repurchase the bonds, at tbe original price plus accraecl interest, should the building not be completed in full · accordance witb plans alld specifications. ,. · -}- ,_, · · As follows: $3,000 $3,000 $4,000 $4,000 $4,000 S72.000 February February February February February February I, 1930 I, I, I, I, 1, 1931 1932 1933 1934 1935 VALUATION: Edward H. Payne. real estate appraiser located at 1569 Sherman Avenue, Evanston, values the · Thia lnontment Ia Highly Recommended s, ·u,. "· JOHN F. HAHN INCORPORATED EatdlilhM 1899 1617 Sherman Avenue Greenleaf 2700 EVANSTON, ILLINOIS