Iowa Code § 654.20

Foreclosure without redemption — nonagricultural land
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1. Ifthe mortgaged property isnot used foran agricultural purpose as defined in section 535.13,the plaintiffinan action toforeclose a realestate mortgage may include in thepetition an electionfor foreclosure without redemption. The election iseffective only ifthe firstpage ofthe petitioncontains the following notice incapital lettersofthe same type or printsize as therest of the petition: NOTICE SIX MONTHS (or THREE MONTHS if the petition includes a waiver of deficiency judgment) FROM ENTRY OF JUDGMENT IF 2. Iftheplaintiffhas not included in the petitiona waiver of deficiency judgment, then the notice shallinclude the following: 3. Ifthe election for foreclosurewithout redemption ismade, then sections 654.21through 654.26 apply.

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