628.27 Redemption where property abandoned. The mortgagor and the mortgagee of any tract of real property consisting of less than ten acres in size may also agree and provide in the mortgage instrument that the court in a decreeof foreclosure may find affirmatively that the tract has been abandoned by the owners andthose persons personally liable under the mortgage at the time of such foreclosure, and thatshould the court so find, and if the mortgagee shall waive any rights to a deficiency judgmentagainst the mortgagor or the mortgagor’s successors in interest in the foreclosure action, thenthe period of redemption after foreclosure shall be reduced to sixty days. If the redemptionperiod is so reduced, the mortgagor or the mortgagor’s successors in interest or the ownershall have the exclusive right to redeem for the first thirty days after such sale and the timesof redemption by creditors provided in sections 628.5, 628.15 and 628.16 shall be reduced toforty days. Entry of appearance by pleading or docket entry by or on behalf of the mortgagorshall be a presumption that the property is not abandoned. ions 628.5, 628.15 and 628.16 shall be reduced toforty days. Entry of appearance by pleading or docket entry by or on behalf of the mortgagorshall be a presumption that the property is not abandoned. [C71, 73, 75, 77, 79, 81, §628.27]Referred to in §654.25 Sat Dec 23 11:22:26 2023 Iowa Code 2024, Section 628.27 (16, 0)
Iowa Legal Code