Common use of INDEX TO THE FINANCIAL STATEMENTS Clause in Contracts

INDEX TO THE FINANCIAL STATEMENTS. 81 APPENDIX I - PRIOR PERFORMANCE TABLES EXHIBIT A - AMENDED AND RESTATED LIMITED PARTNERSHIP AGREEMENT EXHIBIT B - AMENDED AND RESTATED SUBSCRIPTION AGREEMENT AND POWER OF ATTORNEY =============================================================================== =============================================================================== EXHIBIT B SUMMARY OF THE OFFERING The following summarizes the material contained in this Prospectus. It is qualified in its entirety by the detailed information and financial statements appearing elsewhere in this Prospectus. The Partnership. Redwood Mortgage Investors VIII (the "Partnership") is a limited partnership formed on May 27, 1992, pursuant to the California Revised Limited Partnership Act. The Partnership commenced operations on or about April 12, 1993. The Partnership's principal business office is located at 600 Xx Xxxxxx Xxxx, Xxxxx X, Xxxxxxx Xxxx, Xxxxxxxxxx 00000 and its telephone number is (000) 000-0000. The Partnership is engaged in business as a mortgage lender for the primary purpose of making Mortgage Investments secured by deeds of trust (the "Mortgage Investment" or "Mortgage Investments") on California real estate (See "INVESTMENT OBJECTIVES AND CRITERIA"). As of June 30, 1996, approximately forty-two percent (42%) of the Partnership's Mortgage Investments are secured by first deeds of trust ($5,917,837), fifty-six percent (56%) are secured by second deeds of trust ($7,979,116) and two percent (2%) by the third deeds of trust ($300,000). The aggregate principal amount of these Mortgage Investments total $14,196,953. Of these loans approximately eighty percent (80%) are loans secured by properties located in the San Francisco Bay Area.

INDEX TO THE FINANCIAL STATEMENTS. 81 80 APPENDIX I - PRIOR PERFORMANCE TABLES EXHIBIT A - AMENDED AND RESTATED LIMITED PARTNERSHIP AGREEMENT EXHIBIT B - AMENDED AND RESTATED SUBSCRIPTION AGREEMENT AND POWER OF ATTORNEY =============================================================================== =============================================================================== EXHIBIT B SUMMARY OF THE OFFERING The following summarizes the material contained in this Prospectus. It is qualified in its entirety by the detailed information and financial statements appearing elsewhere in this Prospectus. The Partnership. Redwood Mortgage Investors VIII (the "Partnership") is a limited partnership formed on May 27, 1992, pursuant to the California Revised Limited Partnership Act. The Partnership commenced operations on or about April 12, 1993. The Partnership's principal business office is located at 600 000 Xx Xxxxxx Xxxx, Xxxxx X, Xxxxxxx Xxxx, Xxxxxxxxxx 00000 and its telephone number is (000) 000-0000. The Partnership is engaged in business as a mortgage lender for the primary purpose of making Mortgage Investments secured by deeds of trust (the "Mortgage Investment" or "Mortgage Investments") on California real estate (See "INVESTMENT OBJECTIVES AND CRITERIA"). As of June 30, 1996, approximately forty-two percent (42%) of the Partnership's Mortgage Investments are secured by first deeds of trust ($5,917,837), fifty-six percent (56%) are secured by second deeds of trust ($7,979,116) and two percent (2%) by the third deeds of trust ($300,000). The aggregate principal amount of these Mortgage Investments total $14,196,953. Of these loans approximately eighty percent (80%) are loans secured by properties located in the San Francisco Bay Area.