Iowa § 628.26 Agreement to reduce period of redemption

Iowa Statutes

§ 628.26 — Agreement to reduce period of redemption

Iowa § 628.26

Title XVJUDICIAL BRANCH AND JUDICIAL PROCEDURES

Ch. 628REDEMPTION

This text of Iowa § 628.26 (Agreement to reduce period of redemption) is published on Counsel Stack Legal Research, covering Iowa primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Iowa Code § 628.26 (2026).

Text

The mortgagor and the mortgagee of real property consisting of less than ten acres in size
may agree and provide in the mortgage instrument that the period of redemption after sale
on foreclosure of said mortgage as set forth in section 628.3 be reduced to six months, or
reduced to three months if the property is not used for an agricultural purpose as defined
in section 535.13, provided in all cases under this section that the mortgagee waives in the
foreclosure action any rights to a deficiency judgment against the mortgagor which might
arise out of the foreclosure proceedings. In such event the debtor will, in the meantime, be
entitled to the possession of said real property; and if such redemption period is so reduced,
for the first two months after sale such right of redemption shall 

Free access — add to your briefcase to read the full text and ask questions with AI

The mortgagor and the mortgagee of real property consisting of less than ten acres in size
may agree and provide in the mortgage instrument that the period of redemption after sale
on foreclosure of said mortgage as set forth in section 628.3 be reduced to six months, or
reduced to three months if the property is not used for an agricultural purpose as defined
in section 535.13, provided in all cases under this section that the mortgagee waives in the
foreclosure action any rights to a deficiency judgment against the mortgagor which might
arise out of the foreclosure proceedings. In such event the debtor will, in the meantime, be
entitled to the possession of said real property; and if such redemption period is so reduced,
for the first two months after sale such right of redemption shall be exclusive to the debtor,
and the time periods in sections 628.5, 628.15, and 628.16, shall be reduced to three months.