rustymetal

Or where the original saddle, fenders, and grips went.
If it came from the original owner, he wasn't very easy on it over the years.

I see the bent forks,
the grips are green Schwinn grips,
It looks like back fenders on a green bike,
and the saddle likely belongs on the bike that donated the grips.
Plus, the rear rack is sagging as if it were used as a passenger seat
The stem is also set a bit high, and likely tightened up within the upper threads which often leads to bulging threads.
All in all it appears to have had a rough life.