Schedule IV (Consolidated) - Mortgage Loans on Real Estate

12 Months Ended

Dec. 31, 2015

THE ST. JOE COMPANY

SCHEDULE IV (CONSOLIDATED) - MORTAGE LOANS ON REAL ESTATE

DECEMBER 31, 2015

(in thousands)



Description	Interest Rate	Final Maturity Date	Periodic Payment Terms	Prior Liens	Carrying Amount of Mortgages		Principal Amount of Loans Subject to Delinquent Principal or Interest
Seller financing	4%	August 2016	P&I ^(a)	—	$	90	—
Various other seller financing	4.80% to 7.81%	October 2016 through November 2023	P&I ^(b)	—	480		—
Total ^(c)					$	570



(a)	Principal is paid at the closing of each lot together with interest applicable to each lot. On the maturity date, all outstanding principal, all accrued interest and any other customary charges shall be due and payable in full.
(b)	Principal and interest is paid monthly.
(c)	The aggregate cost for federal income tax purposes approximates the amount of unpaid principal.

The summarized changes in the carrying amount of mortgage loans are as follows:



	2015		2014		2013
Balance at beginning of the year	$	22,122	$	5,354	$	1,158
Additions during the year - new mortgage loans	—		19,600		5,854
Deductions during the year:
Collections of principal	21,552		2,832		1,363
Foreclosures	—		—		295
Balance at the end of the year	$	570	$	22,122	$	5,354