(735 ILCS 5/4-227)
(from Ch. 110, par. 4-227)
Any portion of the sum so paid by the sheriff to the
clerk, or of a deposit remaining after such distribution as hereinabove
provided, shall be denominated remnants and surplus proceeds, and where any
claim or complaint is filed against the same as provided in Part 2 of Article IV of this Act, distribution shall be directed by the court
after judgment upon motion and notice, as provided in Section 4-226 of this
Act, and after the following order:
First - All costs upon claims passing into judgment which were filed
Second - All other liens enforceable under Part 2 of Article IV of this
Act against the water
craft prior to distribution.
Third - All claims upon mortgages of such water craft or other
incumbrances by the owner, in proportion to the interest they cover and
Fourth - Upon petition of the creditor, all judgments against the
owner, and which ought equitably to be paid out of the proceeds in
preference to the owner.
Fifth - The owner.
(Source: P.A. 91-357, eff. 7-29-99.)