Always hard to tell in pictures but looks like a dent in the top tube on the second "A" in Paramount
https://shopgoodwill.com/item/148438478
Vtg. Schwinn Paramount Touring/Racing Bike
Vintage Schwinn Paramount Touring/Racing Bike.
Manufacturer/Markings: Schwinn Paramount
Approximate Dimensions:
Length of bike 64"
Height with the seat 40" To the bar-34"
Handle bars 18" across
Condition: Bike has scratches, scuffs and marks. Needs a little TLC. The fenders don't seem to fit like they should. May just need straightened. Unknown if tires hold air