9.	Mortgage Loans Payable

Mortgage loans payable are carried at their contractual amounts due under liquidation accounting. The Liquidating Trust had outstanding mortgage loans payable of $19,663,000 and $108,826,000 at December 31, 2017 and 2016, respectively. The mortgage loan payments of principal and interest are generally due monthly and are collateralized by applicable real estate of the Liquidating Trust.

The Liquidating Trust’s mortgage loans payable at December 31, 2017 and 2016 are summarized as follows (in thousands):


Location of Collateral	Maturity		Interest Rate at December 31, 2017		December 31, 2017		December 31, 2016
Lisle, IL (1)		Mar 2017		5.55%	$	5,216	$	5,230
Plantation, FL (2)		Apr 2041		6.48%		10,091		10,255
Churchill, PA		Aug 2024		3.50%		4,356		4,601
Houston, TX (3)		N/A		N/A		—		45,000
Oklahoma City, OK (4)		N/A		N/A		—		8,790
Orlando, FL (5)		N/A		N/A		—		34,950

					$	19,663	$	108,826

(1)

The property was in foreclosure proceedings as of December 31, 2017 and the foreclosure was completed on February 20, 2018.

(2)

The loan agreement provides for an early payment date of April 1, 2018. If not repaid by the early payment date, the loan is subject to an increased interest rate and a cash trap.

(3)

The property was sold in November 2017.

(4)

The property was sold in August 2017

(5)

The property was sold in June 2017.

The following table summarizes future principal repayments of mortgage loans payable as of December 31, 2017 (in thousands):


Year	Amount
2018	$	5,793
2019		710
2020		814
2021		927
2022		1,005
Thereafter		10,414

	$	19,663