SCHEDULE IV MORTGAGE LOANS ON REAL ESTATE

12 Months Ended

Dec. 31, 2016

SCHEDULE IV

MORTGAGE LOANS ON REAL ESTATE

December 31, 2016

(dollars in thousands)



Description	Contractual Interest Rate		Maturity Date	Periodic Payment Terms	Prior Liens		Principal Balance		Book Value			Principal Amount of Loans Subject to Delinquent Principal or Interest

Mortgages:
Weston	9.0	%	2016	⁽¹⁾	$	—	$	16,079	$	16,079		$	16,079
Ramsey	9.0		2018	⁽¹⁾	—		13,876		13,887			N/A
Marshfield II	9.0		2018	⁽¹⁾	—		5,209		5,222			N/A
Madeira	10.0		2017	⁽²⁾	—		3,067		3,074			N/A

					—		38,231		38,262
Loan Loss Allowance					—		—		(1,620		)

					—		38,231		36,642
Construction Mortgages:
McKinney	8.0		2021	⁽³⁾	—		795		842			N/A

					$	—	$	39,026	$	37,484

⁽¹⁾ Interest and principal for the first 12 months is deferred and due at the maturity date. Interest after the first 12 months is due monthly.

⁽²⁾ Interest and principal for the first 6 months is deferred and due at the maturity date. Interest after the first 6 months is due monthly.

⁽³⁾ Interest and principal for the first 36 months is deferred and due at the maturity date. Interest after the first 36 months is due monthly.

Changes in mortgage loans are summarized as follows:



	Year Ended December 31,
	2016			2015		2014

Balance at the beginning of the period	$	241,038		$	209,275	$	162,870
Additions during period:
Draws	—			8,713		51,217
New mortgage loans	3,767			20,411		4,500
Interest income added to principal	690			2,639		1,781

Deductions during period:
Paydowns/Repayments	(206,469		)	—		(11,093		)

Balance at the end of the year	$	39,026		$	241,038	$	209,275