NOTE 3. NOTES AND INTEREST RECEIVABLE

A portion of our assets are invested in mortgage notes receivable, principally secured by real estate. We may originate mortgage loans in conjunction with providing purchase money financing of property sales. Notes receivable are generally collateralized by real estate or interests in real estate and personal guarantees of the borrower and, unless noted otherwise, are so secured. Management intends to service and hold for investment the mortgage notes in our portfolio. A majority of the notes receivable provide for principal to be paid at maturity. Our mortgage notes receivable consist of first, wraparound and junior mortgage loans (dollars in thousands):


Borrower	Maturity Date	Interest Rate			Amount		Security
Performing loans:
Dallas Fund XVII L.P.⁽²⁾	10/09		9.00	%	$	1,432	Assignment of partnership interests
Garden Centura, L.P. ⁽¹⁾	N/A		7.00	%		3,767	Excess cash flow from partnership
Miscellaneous non-related party notes	Various		Various			4,826	Various security interests
Miscellaneous related party notes ⁽¹⁾	Various		Various			3,663	Various security interests
Unified Housing Foundation, Inc. (Cliffs of El Dorado) ⁽¹⁾	12/27		5.25	%		5,459	100% Interest in UH of McKinney, LLC
Unified Housing Foundation, Inc. (Echo Station) ⁽¹⁾	12/27		5.25	%		1,481	100% Interest in UH of Temple, LLC
Unified Housing Foundation, Inc. (Inwood on the Park) ⁽¹⁾	12/27		5.25	%		5,059	100% Interest in Unified Housing Inwood, LLC
Unified Housing Foundation, Inc. (Kensington Park) ⁽¹⁾	12/27		5.25	%		3,936	100% Interest in Unified Housing Kensington, LLC
Unified Housing Foundation, Inc. (Lakeshore Villas) ⁽¹⁾	12/27		5.25	%		2,000	Unsecured
Unified Housing Foundation, Inc. (Lakeshore Villas) ⁽¹⁾	12/27		5.25	%		9,096	Membership interest in Housing for Seniors of Humble, LLC
Unified Housing Foundation, Inc. (Limestone Canyon) ⁽¹⁾	07/15		5.25	%		3,057	100% Interest in Unified Housing of Austin, LLC
Unified Housing Foundation, Inc. (Limestone Canyon) ⁽¹⁾	12/27		5.25	%		4,663	100% Interest in Unified Housing of Austin, LLC
Unified Housing Foundation, Inc. (Limestone Ranch) ⁽¹⁾	07/15		5.25	%		2,250	100% Interest in Unified Housing of Vista Ridge,LLC
Unified Housing Foundation, Inc. (Limestone Ranch) ⁽¹⁾	12/27		5.25	%		6,000	100% Interest in Unified Housing of Vista Ridge,LLC
Unified Housing Foundation, Inc. (Parkside Crossing) ⁽¹⁾	12/27		5.25	%		1,936	100% Interest in Unified Housing of Parkside Crossing, LLC
Unified Housing Foundation, Inc. (Sendero Ridge) ⁽¹⁾	12/27		5.25	%		5,174	100% Interest in Unified Housing of Sendero Ridge, LLC
Unified Housing Foundation, Inc. (Sendero Ridge) ⁽¹⁾	07/15		5.25	%		4,812	100% Interest in Unified Housing of Sendero Ridge, LLC
Unified Housing Foundation, Inc. (Timbers of Terrell) ⁽¹⁾	12/27		5.25	%		1,323	100% Interest in Unified Housing of Terrell, LLC
Unified Housing Foundation, Inc. (Tivoli) ⁽¹⁾	12/27		5.25	%		7,966	100% Interest in Unified Housing of Tivoli, LLC
Unified Housing Foundation, Inc. (Reserve at White Rock Phase I)⁽¹⁾	12/27		5.25	%		2,524	100% Interest in Unified Housing of Harvest Hill I, LLC
Unified Housing Foundation, Inc. (Reserve at White Rock Phase II)⁽¹⁾	12/27		5.25	%		2,555	100% Interest in Unified Housing of Harvest Hill, LLC
Unified Housing Foundation, Inc. (Trails at White Rock)⁽¹⁾	12/27		5.25	%		3,815	100% Interest in Unified Housing of Harvest Hill III, LLC
Accrued interest						725

Total Performing					$	87,519

Non-Performing loans:
130 Windmill Farms, L.P.	07/11		7.00	%		507	Unsecured
Leman Development, Ltd.	07/11		7.00	%		1,500	Unsecured
Tracy Suttles	12/11		0.00	%		1,077	Unsecured
Accrued interest						57

Total Non-Performing					$	3,141
Allowance for estimated losses						(13,384)

Total					$	77,276

⁽¹⁾	Related party notes

⁽²⁾	Note matured and an allowance was taken for estimated losses at full value of note