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SCHEDULE IV MORTGAGE LOANS ON REAL ESTATE | 12 Months Ended
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Dec. 31, 2012
SCHEDULE IV MORTGAGE LOANS ON REAL ESTATE |
SCHEDULE IV MORTGAGE LOANS ON REAL ESTATE | 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, 2012 |
|  |  |  |  |  |  |  | Current Monthly Debt Service |  |  |
|  |  |  | Final Maturity Date |  | Balloon Amount(2) |  | Face Amount of Mortgages |
State |  | Properties |  | Units/Beds(3) |  | Interest Rate(1) |
FL |  |  | 3 |  |  | 269 |  | 11.80% |  | 2014 |  | $ | 6,061 |  | $ | 71 |  | $ | 6,850 |  | $ | 6,278 |  | $ | — |
TX |  |  | 6 |  |  | 100 |  | 10.10% |  | 2018 |  |  | 5,095 |  |  | 66 |  |  | 6,800 |  |  | 6,231 |  |  | — |
PA |  |  | 1 |  |  | 70 |  | 7.00% |  | 2014 |  |  | 5,100 |  |  | 30 |  |  | 5,100 |  |  | 5,100 |  |  | — |
TX |  |  | 1 |  |  | 222 |  | 10.50% |  | 2017 |  |  | 2,972 |  |  | 40 |  |  | 4,000 |  |  | 3,586 |  |  | — |
MO |  |  | 1 |  |  | 100 |  | 11.10% |  | 2018 |  |  | 1,869 |  |  | 40 |  |  | 1,500 |  |  | 2,877 |  |  | — |
CA |  |  | 1 |  |  | 173 |  | 11.38% |  | 2015 |  |  | 2,232 |  |  | 48 |  |  | 4,700 |  |  | 2,862 |  |  | — |
WI |  |  | 1 |  |  | 106 |  | 9.17% |  | 2022 |  |  | — | (4) |  | 20 |  |  | 2,619 |  |  | 2,619 |  |  | — |
TX |  |  | 1 |  |  | 117 |  | 10.50% |  | 2017 |  |  | 1,634 |  |  | 22 |  |  | 2,200 |  |  | 1,973 |  |  | — |
UT |  |  | 1 |  |  | 84 |  | 10.45% |  | 2019 |  |  | 1,006 |  |  | 14 |  |  | 1,400 |  |  | 1,302 |  |  | — |
Various |  |  | 10 |  |  | 1,004 |  | 10.63%-13.50% |  | 2014-2018 |  |  | 935 |  |  | 132 |  |  | 15,215 |  |  | 6,471 |  |  | — |
|  |  | 26 | (5) |  | 2,245 |  |  |  |  |  | $ | 26,904 |  | $ | 483 |  | $ | 50,384 |  | $ | 39,299 |  | $ | — |
(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) The balloon amount for this mortgage and construction loan will be determined when the loan is fully funded. (5) Includes 20 first-lien mortgage loans as follows:
Number of Loans |  | Original loan amounts
--- | --- | ---
13 |  | $ 500 - $ 2,000
2 |  | $2,001 - $ 3,000
1 |  | $3,001 - $ 4,000
1 |  | $4,001 - $ 5,000
1 |  | $5,001 - $ 6,000
2 |  | $6,001 - $ 7,000
0 |  | $7,001 - $10,000
Activity for the years ended December 31, 2012, 2011 and 2010 is as follows:
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 |
New Mortgage Loans |  |  | 7,719 |
Other Additions |  |  | — |
Amortization of mortgage premium |  |  | (7 | )
Collections of principal |  |  | (21,633 | )
Foreclosures |  |  | — |
Loan Loss Reserve |  |  | 139 |
Other Deductions |  |  | — |
Balance—December 31, 2012 |  | $ | 39,299 |

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- Definition The entire disclosure for mortgage loans on real estate, this includes the supplemental information pertaining to each mortgage loan receivable that equals or exceeds three percent of the carrying amount of mortgages. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 948 -SubTopic 310 -Section S99 -Paragraph 1 -Subparagraph (SX 210.12-29) -URI http://asc.fasb.org/extlink&oid=6589523&loc=d3e617274-123014 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 205 -SubTopic 10 -Section S99 -Paragraph 6 -Subparagraph (SX 210.5-04.(c) Schedule IV) -URI http://asc.fasb.org/extlink&oid=6882300&loc=d3e5864-122674 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Regulation S-X (SX) -Number 210 -Section 29 -Article 12 Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Regulation S-X (SX) -Number 210 -Section 04 -Paragraph c -Subparagraph Schedule IV -Article 5 + Details
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