The referees may take separate mortgages and other securities;
(1) for the whole or convenient portions of the purchase money;
(2) on any part of the property directed by the court to be sold on credit;
(3) for the shares of any known owner of full age, in the name of the owner;
(4) for the shares of a minor, in the name of the guardian of the minor; and
(5) for other shares, in the name of the clerk of the court and his successors in office.