628.26A Agreement to extend period of redemption — agricultural land. Notwithstanding section 628.3, the debtor and the mortgagee of agricultural land after the filing of the foreclosure petition, may enter into a written agreement to extend the debtor’speriod of redemption up to five years, and may set forth other terms and conditions ofthe extended redemption as agreed upon by the parties, including allowing the debtor tolease the property. However, the rights of the debtor and other parties who have a securedinterest in the agricultural land shall not be reduced beyond those set forth in this chapter.The agreement entered into by the debtor and the mortgagee pursuant to this section mustbe approved by the court and shall be filed in the foreclosure proceedings. An agreementpursuant to this section does not constitute an equitable mortgage. 85 Acts, ch 252, §43Referred to in §615.4 Sat Dec 23 11:22:26 2023 Iowa Code 2024, Section 628.26A (16, 0)
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