Document:

EX-10.1

 Exhibit 10.1 

FORM OF DISTRIBUTION REINVESTMENT PLAN 

Redwood Mortgage Investors IX, LLC, a Delaware limited liability company (the “Company”), has adopted this
distribution reinvestment plan (the “Plan”), administered by the Company, a manager of the Company or an unaffiliated third party (the “Administrator”), as agent for members who elect to participate in the Plan
(“Participants”), on the terms and conditions set forth below. The Administrator shall be chosen by the Company. The initial Administrator shall be Redwood Mortgage Corp., a California corporation and a manager of the Company. 

 

	 	1.	 Election to Participate.    Any purchaser of units of limited liability company interest of the Company (the
“Units”), may become a Participant by making a written election to participate on such purchaser’s subscription agreement at the time of subscription for Units. Any member who has not previously elected to participate in the Plan may
so elect at any time by completing and executing an enrollment form obtained from the Administrator or any other appropriate documentation as may be acceptable to the Administrator. Participants in the Plan may designate the amount of their cash
distributions with respect to all Units owned by them to be reinvested pursuant to the Plan. 

  

	 	2.	 Distribution Reinvestment Plan.    The Administrator will receive the designated amount of cash distributions
paid by the Company with respect to Units of Participants (collectively, the “Distributions”). Participation will commence with the next Distribution payable after receipt of the Participant’s election pursuant to Section 1
hereof, provided it is received at least ten (10) days prior to the last day of the period to which such Distribution relates. Subject to the preceding sentence, regardless of the date of such election, a holder of Units will become a
Participant in the Plan effective on the first day of the period following such election, and the election will apply to the designated amount of Distributions attributable to such period and to all periods thereafter. 

 

	 	3.	 General Terms of Plan Investments.    The Administrator will apply all Distributions subject to this Plan, as
follows: 

  

	 	(a)	 The Administrator will invest Distributions in Units at a price of $1.00 per Unit until the earlier to occur of: (i) the issuance of all Units
reserved for issuance pursuant to the Plan; (ii) the termination of the Company’s offering of the Units reserved for issuance under the Plan pursuant to the Company’s prospectus to which this form is an appendix, as thereafter amended
or supplemented, and any subsequent offering of Plan Units pursuant to an effective registration statement; or (iii) the termination of this Plan pursuant to Paragraph 9 below. 

 

	 	(b)	 No selling commissions, marketing support fee, wholesaling fee or marketing reallowance shall be paid with respect to Units purchased pursuant to
the Plan. 

  

	 	(c)	 For each Participant, the Administrator will maintain an account which shall reflect for each period in which Distributions are paid (a
“Distribution Period”) the Distributions received by the Administrator on behalf of such Participant. A Participant’s account shall be reduced as purchases of Units are made on behalf of such Participant. 

 

	 	(d)	 Distributions shall be invested in Units by the Administrator promptly following the payment date with respect to such Distributions to the extent
Units are available for purchase under the Plan. If sufficient Units are not available, any such funds that have not been invested in Units within 30 days after receipt by the Administrator and, in any event, by the end of the fiscal quarter in
which they are received, will be distributed to Participants. Any interest earned on such accounts will be paid to the Company and will become property of the Company. 

  
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	 	(e)	 Participants may acquire fractional Units, computed to four decimal places, so that 100% of the Distributions will be used to acquire Units. The
ownership of the Units shall be reflected on the books of the Company or its transfer agent. 

  

	 	(f)	 In making purchases for Participants’ accounts, the Administrator may commingle
Distributions          attributable to Units owned by Participants and any additional payments received from Participants. 

 

	 	4.	 Absence of Liability.    Neither the Company nor the Administrator shall have any responsibility or liability as
to the value of the Units, any change in the value of the Units acquired for the Participant’s account, or the rate of return earned on, or the value of, the interest-bearing accounts in which Distributions are invested. Neither the Company nor
the Administrator shall be liable for any act done in good faith, or for any good faith omission to act, including, without limitation, any claims of liability with respect to the date on which Units are purchased for a Participant.

  

	 	5.	 Suitability. 

  

	 	(a)	 Each Participant shall notify the Administrator in the event that, at any time during the Participant’s participation in the Plan, there is
any material change in the Participant’s financial condition or inaccuracy of any representation under the subscription agreement for the Participant’s initial purchase of Units. 

 

	 	(b)	 For purposes of this Paragraph 5, a material change shall include any anticipated or actual decrease in net worth or annual gross income or any
other change in circumstances that would cause the Participant to fail to meet the suitability standards set forth in the prospectus for the Participant’s initial purchase of Units. 

 

	 	6.	 Reports to Participants.    Within sixty (60) days after the end of each calendar quarter, the Administrator
will mail to each Participant a statement of account describing, as to such Participant, the Distributions received, the number of Units purchased and the per Unit purchase price for such Units pursuant to the Plan during the prior year. Each
statement also shall advise the Participant that, in accordance with Section 5 hereof, the Participant is required to notify the Administrator in the event there is any material change in the Participant’s financial condition or if any
representation made by the Participant under the subscription agreement for the Participant’s initial purchase of Units becomes inaccurate. Tax information regarding a Participant’s participation in the Plan will be sent to each
Participant by the Company or the Administrator at least annually. 

  

	 	7.	 Taxes.    Taxable Participants may incur a tax liability for Distributions even though they have elected not to
receive their Distributions in cash but rather to have their Distributions held in their account under the Plan. 

  

	 	8.	 Termination. 

  

	 	(a)	 A Participant may terminate or modify participation in the Plan at any time by written notice to the Administrator. In the case of a death of a
Participant, an executor, heir or other administrator of such Participant’s estate may terminate or modify participation in the Plan with respect to the Units of such Participant by written notice to the Administrator. To be effective for any
Distribution, such notices must be received by the Administrator at least ten (10) days prior to the last day of the Distribution Period to which such Distribution relates. 

 

	 	(b)	 A Participant’s transfer of Units will terminate participation in the Plan with respect to such transferred Units as of the first day of the
Distribution Period in which such transfer is effective, unless the transferee of such Units in connection with such transfer demonstrates to the Administrator that such transferee meets the requirements for participation hereunder and affirmatively
elects participation by delivering an executed authorization form or other instrument required by the Administrator. 

  
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	 	9.	 Amendment or Termination by Company. 

  

	 	(a)	 The terms and conditions of this Plan may be amended by the Company at any time, including but not limited to an amendment to the Plan to
substitute a new Administrator to act as agent for the Participants, by mailing an appropriate notice at least ten (10) days prior to the effective date thereof to each Participant. 

 

	 	(b)	 The Administrator may terminate a Participant’s individual participation in the Plan, and the Company may terminate the Plan itself, at any
time by ten (10) days prior written notice to a Participant, or to all Participants, as the case may be. 

  

	 	(c)	 After termination of the Plan or termination of a Participant’s participation in the Plan, the Administrator will send to each Participant a
check for the amount of any Distributions in the Participant’s account that have not been invested in Units. Any future Distributions with respect to such former Participant’s Units made after the effective date of the termination of the
Participant’s participation in the Plan will be sent directly to the former Participant or to such other party as the Participant has designated pursuant to an authorization form or other documentation satisfactory to the Administrator.

  

	 	10.	 State Regulatory Restrictions.    The Administrator is authorized to deny participation in the Plan to residents
of any state or foreign jurisdiction that imposes restrictions on participation in the Plan that conflict with the general terms and provisions of this Plan. 

 

	 	11.	 Notice.    Any notice or other communication required or permitted to be given by any provision of this Plan
shall be in writing and, if to the Administrator, addressed to Investor Services Department, 1825 S. Grant Street, Suite 250, San Mateo, CA 94402, or such other address as may be specified by the Administrator by written notice to all
Participants. Notices to a Participant may be given by letter addressed to the Participant at the Participant’s last address of record with the Administrator. Each Participant shall notify the Administrator promptly in writing of any change of
address. 

  

	 	12.	 Governing Law.    THIS PLAN AND THE PARTICIPANT’S ELECTION TO PARTICIPATE IN THE PLAN SHALL BE GOVERNED BY
THE LAWS OF THE STATE OF DELAWARE. 

  
 3EX-10.2

 Exhibit 10.2 

LOAN SERVICING AGREEMENT 

AND AUTHORIZATION TO COLLECT 

This Agreement is entered into as of the date set forth below by and between Redwood Mortgage Corp., a California corporation
(“Broker”) and the undersigned beneficiary (“Beneficiary”) for the purpose of establishing the terms, conditions and authority for the servicing of a loan evidenced by a promissory note (the “Note”) and deed of trust
(the “Deed of Trust”), described as follows: 
  

			
	Borrower:	  	  

  

													
	Loan Amount:	  	  
	  		  	Term:	  	  
	  	        Interest Rate:	  	                    %    

  

																	
	Late Charge:	 	  
	  		  	Prepayment Bonus:	  		  	Yes	  	            	  	No	  	    X    

  

									
	Deed of Trust Recorded: Series #	  	  
	  	County	  	  
	  	, CA    

  

							
	Beneficiary’s Investment:	  	  
	  	Percentage of Ownership:                	  	                    %    

 It is understood that the Beneficiary’s interest in said Note may be a fractional undivided ownership
interest, and that other lenders (“partial beneficiaries”) also may own fractional undivided interests in said Note. Beneficiary and the other partial beneficiaries (collectively “Beneficiaries”) are not engaged in a partnership
or joint venture, but their relationship is specifically agreed to be that of tenants in common. This Agreement shall be executed in counterpart by all Beneficiaries, each of which shall be deemed an original and all of which together shall
constitute one agreement, and the terms hereof shall be uniformly binding upon and enforceable by Beneficiary and all other partial beneficiaries, against Broker and as between themselves. If Broker has previously originated and funded the Note and
Deed of Trust in Broker’s own name or the interest in the Note and Deed of Trust covered herby were previously held by another investor, Broker agrees to cause the Note to be duly endorsed or assigned to Beneficiary and to cause an assignment
of the Deed of Trust to be recorded in favor of Beneficiary in the official records of the county where the security property is located within ten (10) business days after Broker receives any funds from Beneficiary or after close of escrow.

 Beneficiary hereby appoints Broker to service the Note on his behalf from and after the close of escrow, to hold the original Note and
the original Deed of Trust as Beneficiary’s agent, and to deliver copies of all other documents as provided in Beneficiary’s escrow instructions executed in connection with this loan transaction to Beneficiary at the address indicated
below. Such servicing activities shall include all activities reasonably and customarily required to collect, disburse and account for payment of principal, interest, late charges and prepayment bonuses under the Note and to enforce all the terms
and provisions of the Note and Deed of Trust including, without limitation, the commencement of foreclosure proceedings. Broker accepts such appointment and agrees to use diligence in the performance of its duties hereunder. 

Broker further agrees as follows: (1) All loan payments received by Broker hereunder shall be deposited immediately into Broker’s
trust account, which trust account shall be maintained in accordance with the provisions of law and regulations applicable to trust accounts of licensed real estate Brokers and in accordance with the provisions of subsection 10238(k) of the
California Real Estate Law; (2) Such loan payments shall not be commingled with the other assets of Broker or any affiliate, or used for any transaction other than the transaction for which such funds are received by Broker; (3) All loan
payments received on the Note (less service fees as described below and other costs, charges, and anticipated foreclosure expenses) shall be transmitted to Beneficiary and the other partial beneficiaries pro rata according to their respective
percentage ownership interests in the Note within 25 days after receipt thereof by Broker; (4) Broker shall provide Beneficiary with a monthly and annual accounting of Beneficiary’s interest in the Note in conformance with
Section 10233(b) of the California Real Estate Law; (5) Broker shall use diligence and care to assure that proper casualty insurance is maintained on the real property covered by the Deed of Trust or Deeds of Trust securing the Note;
(6) Broker shall issue demands for payment and otherwise enforce the terms of the Note in accordance with its established policies; (7) Broker shall file a request for Notices of Default on prior encumbrances unless Broker will receive
such notices pursuant to California Civil Code Section 2924(b), and Broker will promptly notify Beneficiary of any such defaults or on the Note covered hereby; and (8) To the extent required by subsection 10238(k)(3) of the California Real
Estate Law, Broker will arrange for the inspection of Broker’s trust account by an independent certified public accountant and forward the report of such accountant to the California Commissioner of Real Estate if and to the extent, in the
manner, required by law. 
 In the event of any default by the obligor or obligors under the Note, Broker shall perform all acts and execute
all documents necessary to exercise the power of sale contained in the Deed of Trust or Deeds of Trust securing same, including without limitation the following: Substitute trustees, select a foreclosure agent, give demands, accept reinstatements,
commence litigation to enforce the collection of the Note, obtain relief from any court-ordered stay of foreclosure proceedings, defend any litigation which may seek to restrain said foreclosure, receive a trustee’s deed for the benefit of
Beneficiaries, as tenants-in-common, and otherwise to do all things reasonably necessary or appropriate to enforce Beneficiary’s rights under the Note and Deed of Trust or Deeds of Trust. Beneficiary hereby authorizes Broker to initiate,
maintain and/or defend any such legal actions or proceedings in the name of Beneficiary, and to employ attorneys therefor at Beneficiary’s expense. Broker agrees to notify Beneficiary in writing within fifteen (15) days after the
occurrence of any of the following events: (1) the recording of a notice of default on behalf of Beneficiary; (2) the recording of a notice of trustee’s sale on behalf of Beneficiary together with a copy of such notice; (3) the
receipt of any payment constituting an amount equal to or greater than five monthly installment payments together with a request for partial or full reconveyance of the real property covered by the Deed of Trust, with any necessary or appropriate
transfer or delivery instructions; (4) receipt by Broker on behalf of Beneficiary of any request for reconveyance of the Deed of Trust together with a copy of such request; or (5) delinquency of any installment or other obligation under
the Note for more than 30 days. 

  
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 Beneficiary agrees that Broker shall not be liable for any costs, expenses or damages that may
arise from or in connection with any acts or omissions of Broker or its agents or employees hereunder, so long as any such act or omission shall have been undertaken in good faith, notwithstanding any active or passive negligence (whether sole or
contributory) of Broker or its agents or employees, and Beneficiary shall hold Broker harmless therefrom. 
 In consideration for the
services to be rendered hereunder, Broker shall be entitled to receive an annual service fee equal to one quarter of one percent (0.25%), or such lesser amount as may be agreed to by Broker and Beneficiary from time to time, of the outstanding
principal balance of the Note, payable in equal monthly installments, or in other periodic payments if payments by obligor are made other than monthly. Broker is hereby authorized to deduct and retain all such service fees from the collected monthly
loan payments or be paid by beneficiary monthly. 
 In the event of default in payment of any sum due under the Note, Broker shall be
authorized to advance such payments to Beneficiary, but shall have no obligation whatsoever to do so. In the event the source for any payment to Beneficiary is not the obligor under the Note, then Broker shall inform Beneficiary of the actual source
of such payment. Broker shall also be authorized to advance monthly payments or other sums to any senior lien holder, to pay insurance and taxes and to pay any other expenses reasonably incurred in connection with the enforcement of the Note and the
protection of the security of the Deed of Trust securing same, but shall have no obligation whatsoever to do so. In the event of such advance by Broker, Broker shall, not later than 10 days after making any such payment, notify Beneficiary in
writing of the date and amount of payment, the name of the payee, the source of funds and the reason for the payment. 
 In the event of a
default under the Note or Deed of Trust, or any foreclosure action, legal action, sale or any other event in which payments are advanced to Beneficiary or any other person or expenses are incurred to protect the rights of Beneficiary under the Note
and Deed of Trust, then Beneficiary agrees to pay (or reimburse Broker for) his pro rata share of such advances and expenses upon demand therefor by Broker, according to his respective ownership interest in the Note. In the event Beneficiary fails
to pay such sums upon demand, then the following provisions shall apply: (1) interest shall accrue on such sums at the same rate as is provided in the Note, and (2) Broker and the other partial beneficiaries shall have the option, but not
the obligation, to advance such sums for the benefit of Beneficiary. All sums thereafter collected by Broker hereunder shall be applied in the following priority; (1) first, to the reinstatement of any senior liens or encumbrances;
(2) Second, to reimburse Broker for any advances made by Broker hereunder; (3) Third, to reimburse all Beneficiaries for any advances made to enforce the Note or protect the security of the Deed of Trust or Deeds of Trust securing same, in
the same order as such advances were made; (4) Fourth, to the payment of interest under the Note; (5) Fifth, to the payment of accrued but unpaid principal under the Note (such principal and interest to be allocated among all
Beneficiaries; and (6) Thereafter, any remaining sums shall be allocated to all Beneficiaries in accordance with their respective undivided interests in the Note. 

In the event Beneficiary assigns his interest in the Note to any person, such assignment shall be evidenced by execution and delivery to
Broker of an assignment or endorsement of the Note and a recordable assignment of the Deed of Trust, and the assignee shall be required to execute a counterpart of this Agreement. 

Beneficiaries holding more than 50% of the unpaid dollar amount of the Note may determine and direct the actions by Broker on behalf of all
partial Beneficiaries in the event of default or with respect to other matters requiring the direction or approval of the Beneficiaries under this Agreement. 

Beneficiary is hereby notified of his, her or its right to receive a copy of the appraisal or Broker’s evaluation of the real property
covered by the Deed of Trust that was prepared in connection with the origination of the Note and Deed of Trust. 
 Upon any default under
the Note or Deed of Trust Beneficiary shall have the right to (1) direct the Trustee under the Deed of Trust to exercise the power of sale contained therein, or (2) to bring an action of judicial foreclosure, in which event all other
partial Beneficiaries shall be joined therein. Beneficiary understands and acknowledges that, if the power of sale under the Deed of Trust securing the Note is exercised, all Beneficiaries may acquire fee title to the security property as
tenants-in-common. In such event, reasonable cooperation between all Beneficiaries will be essential for the protection of this investment, and Beneficiary therefore agrees to execute in favor of Broker a special power of attorney authorizing Broker
on behalf of Beneficiary to list and market, the security property and to negotiate the sale of such property, execute sales contracts as agent for Beneficiary and consummate such sale in Beneficiary’s name, place and stead and on
Beneficiary’s behalf, all on such terms and conditions as Broker may deem proper and reasonable; provided, that any sale that will generate net sales proceeds to Beneficiary, after payment of all selling expenses, in an amount less than the
outstanding principal balance of the Note as of the date of the foreclosure sale, shall be subject to approval by more than 50% of the partial Beneficiaries under the Note and Deed of Trust. 

Beneficiary hereby authorizes Broker, as Beneficiary’s agent, to receive and act upon any Notice of Rescission delivered by any borrower
under the Truth in Lending Simplification and Reform Act (the “Act”) with respect to the Note or any refinancing thereof. In the event that Beneficiary is a creditor as defined in the Act, Beneficiary hereby agrees that Broker shall comply
with all requirements of the Act and regulations issued thereunder , and to give all written disclosures required thereby. 

  
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 In the event at the time of maturity of this Note, the borrower is in the process of refinancing
the loan with the assistance of Broker, the Beneficiary agrees to extend the term of this loan for an additional period not to exceed (90) days or such other period of time to which the Broker and Beneficiary agree. All other terms and
conditions of the original Promissory Note shall continue in full force and effect during said extension period. 
 This Agreement may be
terminated by the parties as follows: (1) by Broker, at any time, upon 30 days written notice to Beneficiary; provided, however, if there are multiple Beneficiaries and the Note and Deed of Trust were sold by Broker pursuant to the exemption
contained in Section 10238 of the California Real Estate Law, then Broker shall not have the right to terminate this Agreement without the approval of Beneficiaries holding more than 50% of the outstanding ownership interests in the Note; or
(2) by Beneficiary and/or other partial Beneficiaries holding more than 50% of the outstanding ownership interests in the Note, upon 30 days written notice to Broker. Beneficiary understands that this Agreement may not be terminated by
Beneficiary alone without the written consent of such majority interest of all owners of the Note, and further that other partial Beneficiaries have the right to terminate this Agreement as to all Beneficiaries including the undersigned Beneficiary,
without Beneficiary’s consent, if such other partial BENEFICIARIES constitute more than 50% of the interests of all owners of the Note. In such event, Beneficiary agrees to accept the substitution of any servicing agent chosen by such majority
interest so long as the compensation to be paid shall not exceed the amounts set forth herein. 
 By signing below, Beneficiary hereby
acknowledges receipt of a copy of this Agreement. 
 IN WITNESS WHEREOF, the parties hereto have executed this Agreement on the
respective dates set forth below. 
  

					
	Broker:	 	REDWOOD MORTGAGE CORP., a California corporation
			
		 	By:	 	  

		 		 	Michael R. Burwell, President
			
		 	Date:	 	  

		
	Beneficiary:	 	REDWOOD MORTGAGE INVESTORS IX, LLC a Delaware limited liability company
			
		 	By:	 	Redwood Mortgage Corp.,
		 		 	a California corporation
		 	Its:	 	Manager
			
		 		 	  

		 		 	Michael R. Burwell, President
			
		 	Date:	 	  

  
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