1. Which of the following statements about the homestead exemption statute is CORRECT? 1. A new property owner has until the end of the year to file for homestead 2. A homestead may include any quantity of land not exceeding 160 acres or half an acre if in a plotted portion... 3. The homestead exemption ceases upon death of a spouse for property held in joint tenancy 4. A homestead is exempt from foreclosure of a mechanic's lien