SCHEDULE IV MORTGAGE LOANS ON REAL ESTATE

12 Months Ended

Dec. 31, 2011

SCHEDULE IV

MORTGAGE LOANS ON REAL ESTATE

(in thousands)

																Principal Amount of Loans Subject to Delinquent Principal or Interest

	(Unaudited) Number of													Carrying Amount of Mortgages December 31, 2011
										Current Monthly Debt Service
							Final Maturity Date	Balloon Amount⁽²⁾				Face Amount of Mortgages
State	Properties			Units/Beds⁽³⁾		Interest Rate⁽¹⁾	Final Maturity Date	Balloon Amount⁽²⁾				Face Amount of Mortgages
TX		6			108	9.95%	2018	$	5,095	$	66	$	6,800	$	6,380	$	—
FL		3			256	11.70%	2014		6,061		71		6,850		6,377		—
TX		1			230	10.35%	2017		2,972		39		4,000		3,683		—
CA		1			173	11.25%	2015		2,232		48		4,700		3,094		—
MO		1			100	10.98%	2018		1,869		39		1,500		3,019		—
NE		1			47	11.44%	2013		2,716		31		3,243		2,823		—
NE		1			44	11.44%	2013		2,537		29		3,036		2,637		—
FL		1			90	14.63%	2012		2,221		42		3,510		2,305		—
MT		1			34	14.23%	2013		2,053		28		2,346		2,115		—
NE		1			44	11.67%	2013		2,005		24		2,700		2,093		—
IA		1			44	11.44%	2013		1,998		23		2,400		2,074		—
TX		1			117	10.35%	2017		1,634		22		2,200		2,025		—
SD		1			34	11.44%	2013		1,954		22		2,346		2,028		—
Various		16			1,602	10.05%-13.38%	2012-2019		4,207		263		25,897		12,428		—

		36	⁽⁴⁾		2,923			$	39,554	$	747	$	71,528	$	53,081	$	—

(1): Represents current stated interest rate. Generally, the loans have 25-year amortization with principal and interest payable at varying amounts over the life to maturity with annual interest adjustments through specified fixed rate increases effective either on the first anniversary or calendar year of the loan.
(2): Balloon payment is due upon maturity.
(3): This number is based upon unit/bed counts shown on operating licenses provided to us by lessees/borrowers or units/beds as stipulated by lease/mortgage documents. We have found during the years that these numbers often differ, usually not materially, from units/beds in operation at any point in time. The differences are caused by such things as operators converting a patient/resident room for alternative uses, such as offices or storage, or converting a multi-patient room/unit into a single patient room/unit. We monitor our properties on a routine basis through site visits and reviews of current licenses. In an instance where such change would cause a de-licensing of beds or in our opinion impact the value of the property, we would take action against the lessee/borrower to preserve the value of the property/collateral.
(4): Includes 30 first-lien mortgage loans as follows:


Balance—December 31, 2008	$	77,541
New Mortgage Loans		—
Other Additions		280
Amortization of mortgage premium		(151	)
Collections of principal		(7,843	)
Foreclosures		—
Loan Loss Reserve		56
Other Deductions		—

Balance—December 31, 2009		69,883
New Mortgage Loans		1,622
Other Additions		72
Amortization of mortgage premium		(121	)
Collections of principal		(8,403	)
Foreclosures		(2,900	)
Loan Loss Reserve		108
Other Deductions		(1,235	)

Balance—December 31, 2010		59,026
New Mortgage Loans		—
Other Additions		—
Amortization of mortgage premium		(38	)
Collections of principal		(5,967	)
Foreclosures		—
Loan Loss Reserve		60
Other Deductions		—

Balance—December 31, 2011	$	53,081