The proceeds of the sale of the property shall be applied under the direction of the court as follows:

1. (1) to pay its just proportion of the general costs of the action;
2. (2) to pay the costs of the reference;
3. (3) to satisfy and cancel of record the several liens, if any, in their order of priority, by payment of the sums due and to become due; the amount remaining due to be verified by affidavit at the time of payment;
4. (4) the residue among the owners of the property sold, according to their respective shares.