Distribution of proceeds of sale

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  • The proceeds of the sale of the encumbered property shall be distributed by the judgment of the court as follows—
    • (1) to pay its just proportion of the general cost of the action;

    • (2) to pay the costs of the reference;

    • (3) to satisfy the several liens, in their order of priority, by payment of the sums due and to become due, according to the judgment; and

    • (4) the residue among the owners of the property sold, according to their respective shares.


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