2009 Iowa Code
Title 15 - Judicial Branch and Judicial Procedures
Subtitle 3 - Civil Procedure
CHAPTER 614 - LIMITATIONS OF ACTIONS
614.21 - FORECLOSURE OF ANCIENT MORTGAGES.

        614.21  FORECLOSURE OF ANCIENT MORTGAGES.
         No action shall be maintained to foreclose or enforce any real
      estate mortgage, bond for deed, trust deed, or contract for the sale
      or conveyance of real estate, after twenty years from the date
      thereof, as shown by the record of such instrument, unless the record
      of such instrument shows that less than ten years have elapsed since
      the date of maturity of the indebtedness or part thereof, secured
      thereby, or since the right of action has accrued thereon, or unless
      the record shows an extension of the maturity of the instrument or of
      the debt or a part thereof, and that ten years from the expiration of
      the time of such extension have not yet expired.  The date of
      maturity, when different than as appears by the record of the
      instrument, and the date of maturity of any extension of said
      indebtedness or part thereof, may be shown at any time prior to the
      expiration of the above periods of limitation by the holder of the
      debt or the owner or assignee of the instrument filing an extension
      agreement, duly acknowledged as the original instrument was required
      to be acknowledged, in the office of the recorder where the
      instrument is recorded.
         From and after July 4, 1946, this section shall also apply to any
      instrument of the kind described in this section which is not of
      record but which is described or referred to in any other instrument
      which is filed of record and the limitation shall be ten years from
      the due date of the instrument referred to if disclosed in the record
      and if not so disclosed then within ten years from the date of the
      record of the instrument containing such reference.  

         Section History: Early Form

         [S13, § 3447-c; C24, 27, 31, 35, 39, § 11028; C46, 50, 54, 58,
      62, 66, 71, 73, 75, 77, 79, 81, § 614.21] 

         Section History: Recent Form

         2006 Acts, ch 1031, §14
         Referred to in § 614.20