it looks like that you have iBGP session between router1 and ISP1 Router1 and this would be not correct. Using iBGP makes the BGP next hop to be propagated unchanged and this is why you need the static route
ip route 22.214.171.124 255.255.255.255 126.96.36.199
otherwise the BGP prefix with next-hop = 188.8.131.52 cannot be installed in your Router 1 ( BGP next-hop unknown no route for it in the IP routing table)
Or the commands are taken from ISP1 Router1 ?
In this second case all you need is an eBGP session between Router1 and ISP1 Router1 this will provide for BGP next-hop rewrite to 184.108.40.206 so that Router1 can accept the default route .
To be noted in iBGP the BGP next-hop is left unchanged and the AS path attribute is also unchanged.
In eBGP the BGP next-hop is rewritten to the address used for the eBGP session and ISP1 AS number is added on the left of the AS path attribute.
the edge router AND if you have multi homed same ISP use iBGP between router as backup path, for example if the traffic point to edge router1 and edge router1 loss it connection to ISP, it can use iBGP to forward traffic to edge router2