Schedule IV (Consolidated) - Mortgage Loans on Real Estate

12 Months Ended

Dec. 31, 2017

THE ST. JOE COMPANY

SCHEDULE IV (CONSOLIDATED) - MORTGAGE LOANS ON REAL ESTATE

DECEMBER 31, 2017

(in thousands)



Description	Interest Rate	Final Maturity Date	Periodic Payment Terms	Prior Liens	Carrying Amount of Mortgages		Principal Amount of Loans Subject to Delinquent Principal or Interest
Seller financing	5.5%	November 2019	P&I ^(a)	—	$	1,060	—
Seller financing	5.5%	September 2019	P&I ^(a)	—	904		—
Seller financing	5.5%	June 2019	P&I ^(a)	—	857		—
Various other seller financing	4.80% to 8.15%	October 2022 through November 2023	P&I ^(b)	—	174		—
Total ^(c)					$	2,995



(a)	Annual principal payment of $0.1 million due and interest is paid quarterly over a twenty year amortization schedule. On the maturity date, all outstanding principal, all accrued interest and any other customary charges shall be due and payable in full.
(b)	Principal and interest is paid monthly.
(c)	The aggregate cost for federal income tax purposes approximates the amount of unpaid principal.

The summarized changes in the carrying amount of mortgage loans are as follows:



	2017		2016		2015
Balance at beginning of the year	$	242	$	570	$	22,122
Additions during the year - new mortgage loans	2,821		—		—
Deductions during the year:
Collections of principal	68		328		21,552
Foreclosures	—		—		—
Balance at the end of the year	$	2,995	$	242	$	570