1. Subject to the limitations provided in subsection 2 and NRS 143.180, the personal representative who has limited authority or full authority has the following powers:
(a) The power to borrow; and
(b) The power to place, replace, renew or extend any encumbrance upon any property of the estate.
2. Only a personal representative who has full authority has the power to borrow money with the loan secured by an encumbrance upon real property.