|Click to enlarge. Clockwise from top left:  Schlageterstrasse,  Kreuzstrasse,  Krankenhaus,  Schillerstrasse. Note the name Marktredwitz is in the old Fraktur script lettering. The Nazis had a love-hate relationship with that style and ultimately sought to limit its use.|
The reverse reads:
July 12, 1953
I am spending the weekend in Marktredwitz. I have been swimming twice. I am staying at my girlfriends house. They live in a small rented apartment. I will sign off for now.
 Schlageterstrasse was named after Albert Leo Schlageter who was heralded by the Third Reich. Many German streets were renamed Schlageterstrasse or Albert-Leo-Schlageterstrasse during the NS times. After the war, many were subsequently renamed. By 1953, de-nazification had not yet reached the smaller towns.
 Kreuzstrasse, which means, I believe, simply Crossroad.
 Krankenhaus, literally the "Sick House", or the hospital.
 Schillerstrasse was named after Friedrich Schiller, the great German poet and philosopher.