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<br />DEED OF TRUST
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<br />conducted at a location mutually agreeable to the parties, or if they cannot agree, then at a location selected by the
<br />AAA in the state of the applicable substantive law primarily governing the Note. Any party who fails or refuses to
<br />submit to arbitration following a demand by any other party shall bear all costs and expenses incurred by such other
<br />party in compelling arbitration of any Dispute. The arbitrator shall award all costs and expenses of the arbitration
<br />proceeding.
<br />p. No Waiver of Provisional Remedies, Self -Help and Foreclosure. The arbitration requirement does not limit the right
<br />of any party to (i) foreclose against real or personal property collateral; (ill exercise self•hetp remedies relating to
<br />collateral or proceeds of collateral such as setoff or repossession; or (iii) obtain provisional or ancillary remedies such as
<br />replevin, injunctive relief, attachment or the appointment of a receiver, before during or after the pendency of any
<br />arbitration proceeding. This exclusion does not constitute a waiver of the right or obligation of any party to submit any
<br />Dispute to arbitration or reference hereunder, including those arising from the exercise of the actions detailed in
<br />sections (i), (ii) and (iii) of this paragraph.
<br />C. Arbitrator Qualifications and Powers. Any arbitration proceeding in which the amount in controversy is
<br />$5,000,000.00 or less will be decided by a single arbitrator selected according to the Rules. and who shall not render
<br />an award of greater than $5,000,000.00. Any Dispute in which the amount in controversy exceeds $5,000,000.00
<br />shall be decided by majority vote of a panel of three arbitrators; provided however, that alt three arbitrators must
<br />actively participate in all hearings and deliberations. Every arbitrator shall be a neutral practicing attorney or a retired
<br />member of the state or federal judiciary, in either case with a minimum of ten years experience in the substantive law
<br />applicable to the subject matter of the Dispute. The arbitrator will determine whether or not an issue is arbitratable and
<br />will give effect to the statutes of limitation in determining any claim. In any arbitration proceeding the arbitrator will
<br />decide by documents only or with a hearing at the arbitrator's discretion) any pre - hearing motions which are similar to
<br />motions to dismiss for failure to state a claim or motions for summary adjudication. The arbitrator shall resolve all
<br />Disputes in accordance with the applicable substantive law end may grant any remedy or relief that a court of such
<br />state could order or grant within the scope hereof and such ancillary relief as is necessary to make effective any award.
<br />The arbitrator shall also have the power to award recovery of all costs and fees, to impose sanctions and to take such
<br />other action as the arbitrator deems necessary to the same extent a judge could pursuant to the Federal Rules of Civil
<br />Procedure, the applicable state rules of civil procedure, or other applicable law. Judgment upon the award rendered by
<br />the arbitrator may be entered in any court having jurisdiction, The institution and maintenance of an action for judicial
<br />relief or pursuit of a provisional or ancillary remedy shall not constitute a waiver of the right of any party, including the
<br />plaintiff, to submit the controversy or claim to arbitration If any other party contests such action for judicial relief.
<br />D. Discovery. In any arbitration proceeding discovery will be permitted in accordance with the Rules. All discovery
<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, will 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 alternative means for obtaining information is available.
<br />E. Class Proceedings and Consolidations. No party hereto shall be entitled to join or consolidate disputes by or against
<br />others in any arbitration, except parties to this agreement, or any contract, instrument or document relating to this
<br />agreement, or to include in any arbitration any dispute as a representative or member of a class, or to act in any
<br />arbitration in the interest of the general public or in a private attorney general capacity.
<br />F. Small Claims Court. Any party may require that a Dispute be resolved in Small Claims Court if the Dispute and
<br />related claims are fully within that court s jurisdiction.
<br />G. State Specific Provisions:
<br />if Delaware. Pennsylvania or Virginia law governs the Dispute, the following provision is applicable if there is a
<br />Confession of Judgment in the Note, any Guaranty, or Related Documents: Confession of Judgment. Notwithstanding
<br />anything herein to the contrary, the arbitration requirement does not limit or preclude the right of Lender to confess
<br />judgment pursuant to a warrant of attorney provision set forth in the Note, any Guaranty, or Related Documents. No
<br />party shall have the right to demand binding arbitration of any claim. dispute or controversy seeking to (i) strike -off or
<br />open a judgment obtained by confession pursuant to a warrant of attorney contained in the Note, any Guaranty, or
<br />Related Documents, or (ii) challenge the waiver of a right to prior notice and a hearing before judgment is entered, or
<br />after judgment is entered, but before execution upon the judgment. Any claims, disputes or controversies challenging
<br />the confession of judgment shall be commenced and prosecuted in accordance with the procedures set forth, and in the
<br />forum specified by the applicable state rules of civil procedure or other applicable law.
<br />If Maryland law governs the Dispute. the following provision is applicable if there is a Confession of Judgment in
<br />the Note. any Guaranty, or Related Documents: Confession of Judgment. Notwithstanding anything herein to the
<br />contrary, the arbitration requirement does not limit or preclude the right of Lender to confess judgment, and no party
<br />shall have the right to demand binding arbitration of any claim. dispute or controversy seeking to open a judgment
<br />obtained by confession. Nothing herein, including the arbitration requirement, shall limit the right of any party to
<br />foreclose judicially or non - judicially against any real or personal property collateral, or exercise judicial or non- judicial
<br />power of sale rights. No provision regarding submission to a jurisdiction and/or venue in any court or the waiver of any
<br />right to trial by jury is intended or shall be construed to be in derogation of the provisions for arbitration of any dispute.
<br />Any claim or counterclaim or defense raised in connection with Lender s exercise of any rights set forth in the Note, any
<br />Guaranty, or Related Documents shall be subject to the arbitration requirement.
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