(5)__May borrow money and issue evidence of indebtedness for the money.__To secure the repayment of the indebtedness, the receiver may mortgage, pledge, transfer in trust or hypothecate any or all of the property of the credit union, whether real, personal or mixed, superior to any charge for expenses of liquidation; and

(6)__May represent the credit union in lawsuits under the receiver's own name as receiver of the credit union.

F.__The receiver shall use the assets of the credit union to pay claims in the following order:

(1)__Claimants whose claims are secured must receive their security.__To the extent their respective claims exceed the value of the security for those claims, as determined to the satisfaction of the receiver, they each have an unsecured claim against the credit union having priority as provided in subparagraph (2); and

(2)__Unsecured claims against the liquidation estate that are proved to the satisfaction of the receiver have priority in the following order:

(a)__Administrative costs and expenses of liquidation;

(b)__Claims for wages and salaries, including vacation, severance and sick leave pay;

(c)__Taxes legally due and owing to the United States or any state or subdivision of the United States or state;

(d)__Debts due and owing to the State and the United States, including the National Credit Union Administration;

(e)__General creditors, and secured creditors to the extent that the secured creditors' respective claims exceed the value of the security for those claims;

(f)__Pro rata distribution to members in proportion to the respective amount of their deposits and shares;