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The Patsantaras claim is secured by a deed of trust on 2900 acres <br /> of the Debtor's real property located in Coal Basin. Patsantaras <br /> formerly owned that parcel and carried back a note and deed of <br /> trust when she sold the property to the Debtor. <br /> The Plan provides for the full cash payment of the Class <br /> 2 claim as a fully secured claim. Pursuant to Section 506(b) of <br /> the Bankruptcy Code, the claim shall include all principal, with <br /> interest to the Effective Date accrued according to the note <br /> (currently, the interest rate is 12% per annum) , and also shall <br /> include any reasonable fees, costs, or charges provided for under <br /> the note. After the Effective Date, the claim shall accrue <br /> interest at the rate of 6% per annum until payment. The claim <br /> shall be paid in full and in cash upon sale of the real property <br /> securing the claim, or on the third anniversary of the Effective <br /> Date, whichever occurs first. Pending payment, the Class 2 <br /> claimant shall retain the lien on the property securing her claim. <br /> 3. Class 3 -- Caterpillar <br /> Class 3 consists of the allowed claim of Caterpillar <br /> Financial Services Corporation ( "Caterpillar" ) . In 1989 Wagner <br /> Equipment Company ( "Wagner" ) sold a Caterpillar D8N Crawler Tractor <br /> and a John Deere 310A Backhoe Loader to the Debtor, taking a note <br /> in the original amount of $158,362, secured by the equipment. The <br /> note and security agreement later were assigned to Caterpillar. <br /> Caterpillar filed a proof of claim in the amount of $62,846. Due <br /> to adequate protection payments made during the bankruptcy case, <br /> the balance of the claim has been reduced to $29,686 as of December <br /> 31, 1993. _ <br /> Class 3 is a fully secured claim. Pursuant to Section <br /> 506 (b) of the Bankruptcy Code, the claim includes all remaining <br /> principal, with interest thereon as established by the terms of the <br /> note, and any reasonable fees, costs, or charges provided for under <br /> the note and security agreement as set forth in Caterpillar's proof <br /> of claim. The Plan leaves the Class 3 claim unimpaired, by paying <br /> the claim in full and in cash on the Effective Date. <br /> 4. Class 4 -- Sanwa <br /> Class 4 consists of the allowed claim of Sanwa. The <br /> claim is secured by consensual liens on substantially all of the <br /> real and personal property of the Debtor. The estimated amount of <br /> Sanwa's claim exceeds the estimated amount of the Debtor's assets <br /> thus Sanwa is "undersecured" within the meaning of Section 506(b) <br /> of the Bankruptcy Code. Accordingly, Sanwa is not allowed any <br /> post-petition interest on account of its allowed claim. The amount <br /> of the claim is calculated at $15,005,015 as of December 31, 1993. <br /> See Section I.D, "Relationships with Secured Lenders, " on page 4 <br /> above. <br /> 19 <br />