Working from the negative, I got clearer view and it certainly looks like "Horczicky 3 Tepenec", 3 being the old form of "z" meaning "de" in Latin. Proper expression in Czech would be of course "Tepence" due to declination - that is the form Horczicky would sign it, see http://www.angelfire.com/electronic2/ohlas/VM/b25.htm ,
but the handwriting is nothing like his.
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