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(2) Any amount due to 8[a 9[Co-operative Agriculture and Rural Multipurpose Development Bank] (including cost of recovery thereof) shall on an application by it in this behalf] be recoverable by the Collector, or any officer 10[including an officer of the 11[Co-operative Agriculture and Rural Multipurpose Development Bank]] specially authorised by the Collector in this behalf, in all or any of the following modes, namely :—
(a) from the borrower—as if they were arrears of land revenue due by him ;
(b) out of the land for benefit of which the loan has been granted—as if they were arrears of land revenue due in respect of that land ;
(c) from a surety (if any)—as if they were arrears of land revenue due by him ;
(d) out of the property comprised in the collateral security (if any)—according to the procedure for the realisation of land revenue by the sale of immovable property other than the land on which the revenue is due.