MYERS, District Judge.
This action was commenced by service of summons and complaint on October 26, 1934, and was tried before me without a jury at the regular term of the court at Florence on December 14, 1934. On hearing, the following facts were developed:
On March 24, 1928, L. E. Waters, being then the owner, mortgaged a lot of land in the city of Florence, S. C., to Jefferson Standard Life Insurance Company as security for an indebtedness of $18,000,...
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