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 $3,979,000 and $19,663,000 at December 31, 2018 and 2017, 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, 2018 and 2017 are summarized as follows (in thousands):


Location of Collateral	Maturity		Interest Rate at December 31, 2018			December 31, 2018		December 31, 2017
Churchill, PA		Aug 2024		5.78	%	$	3,979	$	4,356
Lisle, IL (1)		Mar 2017		—			—		5,216
Plantation, FL (2)		Apr 2041		—			—		10,091

						$	3,979	$	19,663

(1)

The property was foreclosed upon in February 2018.

(2)

The property was sold in September 2018.

The following table summarizes future principal repayments of mortgage loans payable as of December 31, 2018 (in thousands):


Year	Amount
2019	$	523
2020		616
2021		715
2022		778
2023		799
Thereafter		548

	$	3,979