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offer, subject to prior $d* £1,250,000 •i .' F. H. A. Insured Mortgages Insured under the National Housing Act I AT PRICES TO YIELD from 4%% to 5% These mortgages are from the following states: ALABAMA • NEW YORK • PENNSYLVANIA ARKANSAS • DELAWARE • FLORIDA NEW JERSEY • CALIFORNIA 1. AH mortgages serviced by institutions approved by the Federal Housing Administrator as responsible. 2. Servicing institution will disburse mortgage interest and principal amortization monthly or quarterly — as desired. 3. Purchaser must be an approved mortgagee. 4. In case the mortgagee forecloses, acquires and promptly conveys the property to the administrator, the mortgagee . will receive for the amount then due and unpaid a 3 ^ Debenture Bond, guaranteed as to principal and interest by the United States, and a Certificate of Claim. 5. All mortgages are received from or delivered to our depositaries which are: Manufacturers Trust Company The New York Trust Company We are also interested in receiving offerings (in writing only) of F.H A. insured mortgages in blocks aggregating not less than $25,000, PASK 8c WALBRIBGE MEMBERS NEW YORK STOCK EXCHANGE ONE WALL STREET, NEW YORK Telephone DIgby 4-9500 U) correspondents in folloxving cit iypCN OLlVHLANft
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