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201201669 <br />MODIFICATION OF DEED OF TRUST <br />Loan No: 8603426349 (Co11tIr1Ued) Page 3 <br />shall be expressly limited to matters directly relevant to the Dispute being arbitrated and must be completed no later <br />than 20 days before the hearing date. Any requests for an extension of the discovery periods, or any discovery <br />disputes, wfll be subject to final determination by the arbitrator upon a showing that the request for discovery is <br />essential for the party's presentation and that no altemative means for obtaining information is available. <br />E. Class Proceeding� and Consolidations. No party hereto shall be entlUed to join or consolidate disputes by or against <br />non-parties in arry arbitration, or to indude in any arbitration any dispute as a representative or member of a Gass, or to <br />act in any arbitretion in the interest of the general public or in a private attomey general capacity. As used herein, <br />"non-parties" shall mean all persons and entities except Lender and the party(ies) executing this agreement or any <br />related Document. <br />F. Miscellaneous. To the maximum extent practicabte, the AAA, the arbitrators and the parties shall take ail action <br />required to conGude any arbltration proceeding within 180 days of the filing of the Disputa with the AAA. No arbitrator <br />or other party to an arbitration proceeding may disclose the existence, content or results thereof, except for disclosures <br />of information by a party required in the ordinary course of its business or by applicable law or regulation. If more than <br />one agreement for arbitration by or between tha parties potentially applies to a Dispute, the arbitration provision most <br />direcUy related to the docwments between the parties or the subject matter of the Dispute shall control. This arbitration <br />provision shall survive the repayment of the Note and the termination, amendment or expiration of any of the <br />Documents or any relationship befiaeen the parties. <br />G. State Sr�eciflc Provisions. <br />If Delaware or Pennsylvania law govems the Disoute• tha following provislon is Included: <br />Confession of Judgment Notwithstanding anything herein to the contrary, the arbitration requirement does not limit or <br />preclude the right of Lender to confess judgment pursuant to a warrant of attomey provision set forth in the Note or <br />Related Documents. No party shail have the right to demand binding arbitration of any claim, dispute or controversy <br />seeking to (i) strike-off or open a judgment obtained by cQqfession pursuant to a warrant of attomey contained in the <br />Note or Related Documents, or (i) challenge the waiver of a right to prior notice and a hearing before Judgmerit is <br />entered, or after judgment is entered, but before execuUon upon the judgment. My Gaims, disputes or controversies <br />challenging the confession of judgment shall be commenced and prosecuted in accordance with the procedures set <br />forth, and in the forum speafied by the applicable state rules of civil procedura or other applicable law. <br />If Marvland law aovems the Dis�ute, the following provlsion is included: <br />Conf�ssion of Judgment Notwithstanding anything herein to the conVary, the arbitrafion requirement does not limit or <br />preGude the right of Lender to confess judgment, and no party shall have the right to demand binding arbitration of any <br />claim, dispute or controversy seeking to open a judgment obtained by confession. Nothing herein, including the <br />arbitration requirement, shall limit the right of any party to foreGose Judicially or non judicially against any real or <br />personal property collateral, or exercisa judi�dal or non Judicial power of sale rights. No provision regarding submission <br />to a jurisdiction and/or venue in any court or the waiver of any right to trial by jury is intended or shall be construed to <br />be in derogation of the provisions for arb'rtration of any dispute. Any claim or counterGaim or defense raised in <br />connedion with Lende�s exercise of any rights set forth in the Note or Related Documents shall be subject to the <br />arbitratlon requirement. <br />If South Carolina law govems the Dispute, the following provision is fncluded: <br />WAIVER OF JURY TRIAL NOTWITHSTANDING ANYTHING HEREIN TO THE CONTRARY, WITHOUT INTENDIN(3 IN <br />ANY WAY TO LIMIT THE PARTIES' AOREEMENT TO ARBRRATE ANY DISPUTE AS SET FORTH IN THIS MORTGAOE, <br />TO THE EXTENT ANY DISPUTE IS NOT SUBMITTED TO ARBITRATION OR IS DEEMED BY THE ARBITRATOR OR BY <br />ANY COURT WITH JURISDICTION TO BE NOT ARBITRABLE OR NOT REQUIRED TO BE ARBITRATED, MORTGAGOR <br />AND MORT�AGEE WAIVE TRIAL BY JURY IN RESPECT OF ANY SUCH DISPUTE AND ANY ACTION ON SUCH <br />DISPUTE. THIS WAIVER IS KNOWINGLY, WILLINGLY AND VOLUNTARILY MADE BY MORTGA�OR AND <br />MORTGA�EE, AND MORT(3AGOR AND MORTGAOEE HEREBY REPRESENT THAT NO REPRESENTATIONS OF FACT <br />OR OPINION HAVE BEEN MADE BY ANY PER30N OR ENTITY TO INDUCE THIS WAIVER OF TRIAL BY JURY OR TO IN <br />ANY WAY MODIFY OR NULUFY ITS EFFECT. THIS PROVISION IS A MATERIAL INDUCEMENT FOR THE PARTIES <br />ENTERING INTO THE LOAN DOCUMENTS. MORTOAGOR AND MORTGAGEE ARE EACH HEREBY AUTHORIZED TO <br />FILE A COPY OF THIS SECTION IN ANY PROCEEDING AS CONCLUSIVE EVIDENCE OF THIS WAIVER OF JURY TRIAL <br />MORTOAGOR FURTHER REPRESENTS AND WARRANTS THAT IT HAS BEEN REPRESENTED IN THE SIONING OF THIS <br />MORTGAGE AND IN THE AAAfaNG OF THIS WAIVER BY INDEPENDENT LEOAL COUNSEL, OR HAS HAD THE <br />OPPORTUNITY TO BE REPRESENTED BY INDEPENDENT LEGAL COUNSEL SELECTED OF ITS OWN FREE WILL, AND <br />THAT IT HAS HAD THE OPPORTUNITY TO DISCUSS THIS WAIVER WITH COUNSEL <br />If �inia law covems the Di�ute, the following provlalon is included: <br />Confession of Judgment The arbitration requirement does not limit or preciude the right of Lender to cronfess judgment <br />pursuant to a warrant of attomey provision set forth in the Note or Related Documents. No party shall have the right to <br />demand binding arbitration of any claim, dispute or controversy seeldng to (� strike-oif or open a judgment obtained by <br />confession pursuant to a waRant of attomey contained in the Note or Related Documents, (ii) challenge the waiver of a <br />right to prior notice and a hearing before judgment is entered, or aftar judgment is entered, but before execution upon <br />the judgment. My claims, disputes or controversfes challenging the confession of judgment shall be commenced and <br />prosecuted in accordance with the procedures set forth, and in the forum specified by the applicable state rules of civil <br />procedure or other applicable law. <br />